Poker.co.uk

Poker Info
DATE: May 25 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Friday 30th September 2005

Online Casino 888.com Makes Troubled Stock Market Debut

Internet casino 888�s share price suffered on Thursday even after it priced its shares at the lower end of the range. As the casino giant�s shares tumbled it took rivals with it.

888 priced its initial public offering at 175 pence a share -- from a range of 162p to 212p -- amid concerns about slowing Internet gaming growth after a warning this month from online poker group PartyGaming.

Initially, the shares jumped 5 percent, before falling 12 percent to 162 pence. But by the close of trading they had recovered slightly to 170 pence, giving the group a market value of around 575 million pounds.

The volatility created jitters throughout the sector and Sportingbet fell 3.1 percent while PartyGaming fell 8.4 percent to 87-1/2 pence, down 25 percent on its original listing price in June.

Chief executive John Anderson admitted PartyGaming's warning earlier this month of a slowdown in online gambling had upset both valuations and sentiment.

'There has obviously been a lot of volatility in the last few weeks. We are getting stuck in. You can't control the market on a day-to-day basis, so we will concentrate on running the business.'

Source: OnlineCasinoNews

View Similar Stories
Crazy Vegas Bingo Leaps into the Online Casino Market
Free Bingo Set for Online Casino Debut
Online Casino Opens Irish Open Poker Market
Hungary Bites into Online Casino Market
Online Casino Developer Launches On Market

Discuss this story in the Poker Forum. Last 5 Posts:
Friday 25^th May, 2012: Sharkscope
Friday 25^th May, 2012: New Bap - Day 3
Friday 25^th May, 2012: One way poker Swapsies
Friday 25^th May, 2012: WSOP Fantasy Draft 2012
Friday 25^th May, 2012: $1500 WSOP opening event.

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.