PartyGaming Stock Slides
September 3, 2021
PartyGaming, home to PartyPoker, saw their stock drop recently despite a positive 2nd quarter earnings report. The drop apparently came as a result of news that the PartyGaming's third quarter earnings report could potentially show declines, due to recent dwindling attendance at PartyPoker's tables; July and August showed 19% less active players on average compared to earlier in the year. Executives blame the lower attendance numbers primarily on U.S. accessible poker sites which have been growing steadily ever since sites like Party chose to leave the U.S. after the signing of the Unlawful Internet Gambling Enforcement Act.

PartyGaming hopes to return to the U.S. soon to compete with the ever growing PokerStars and FullTilt Poker, and to this end they've promoted executive Rod Perry as a non-executive Chairman in charge of talks with the U.S. Department of Justice. It is hoped that Perry will be able to work with the the DOJ to find an acceptable resolution to their issues before the end of the calendar year.

For story in it's entirety, please visit the Independent Online Poker Authority,
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