It is time for Party Gaming’s investors to be happy once again as their shares shot up almost by 40 percent on Monday following the Black Friday in the United States. On Friday, April 15, 2011, the US Department of Justice ordered the shutdown of a few of top online casino sites including Poker Stars, Absolute Poker and Full Tilt Poker. Fortunately, Party Gaming was not shut down and it is now marching strong with a brilliant hike in the value of its shares.
The casino earlier ruled the American gambling market with its Poker arm. Things did not remain the same after the US government introduced the Unlawful Internet Gambling Enforcement Act in 2006. The London-based casino saw its share prices hit rock bottom. But now, once again its share prices are rising high, and investors are happy because they can take advantage of the high liquidity of their shares.
About Party Gaming
Party Gaming is one of the largest and most reputed online casinos in the world. Operating since 1997, the casino has earned an impressive reputation and is known for its reliability and trustworthiness. Offering high quality games to players, the casino allows them to play instantly or via the downloaded version. Depending upon your choice, you can play some of the best games on their site. The games are powered by their own Party Gaming Software. Party Gaming offers an amazing gaming experience to players. There are loads of promotions, bonuses for players and jackpots which offer real big money. The great graphics they offer, coupled with a brilliant sound system and wonderful themes make you feel as if you’re sitting in a real land-based casino.
Once you visit their site, you’ll be impressed by the casino’s blue and white lobby. Party Gaming offers a wide range of games including blackjack, baccarat, video poker, roulette, keno, progressive jackpots, movie themed slots, monopoly, resident evil, casino war, red dog and virtual horse racing. You can play these games by choosing the instant version or the downloaded version. It accepts payment via a range of payment methods including credit cards and wire transfers. You can also take advantage of the range of promotions for both new and existing players. There are fantastic offers and schemes which give you an opportunity to win big money.
Hike in Share Prices
In 2006, when their share prices dropped drastically in the US market, the main focus of the group shifted to the European markets which resulted in an increase in share prices once again. Investors have seen a tremendous dip and rise in share values. Recently, the US Department of Justice moved to shut down some of the top casinos in the United States. On Black Friday, the FBI ordered the closure of some casinos because of money laundering charges against them. Fortunately, Party Gaming is still open. It was not affected by this and its share prices rose almost by 40 percent.