$1,000 WSOP Super Satellite Tournament - the SECOND step to your seat at the WSOP 2006!Gambling News: Party Poker sold share capital
The company sold 20.6% of its share capital.
Party Gaming operates the world's largest online poker brand, PartyPoker, as well as the Starluck Casino and Party Bingo brands.
John Clark, an analyst at Brewin Dolphin, said the debut is "quite encouraging." There were concerns of restrained interest due to the possibility of legal action related to online gambling in the U.S.
"I think an awful lot of people are willing to override the risk, and are looking for the U.S. legal regime to change and recognize reality," Clark said.
U.S. regulatory concerns Party Gaming's offer price was towards the low end of its indicative range of 111 pence to 127 pence per share because of the U.S.-related concerns. PartyGaming derives close to 90% of its revenue from the U.S., where online gaming is still illegal.
Full story find here:Poker News Online & Poker Magazine ~ Gambling News
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