09.06.07
Internet Gambling Regulaton Hits PartyGaming
Ever since internet gambling was banned in united States many poker rooms took a huge blow on their profits and one among them was PartyGaming so called parent company. Party Poker ,Party Bingo, Party gammon and Party Bets are child companies .
PartyGaming recent reports shows how hard they were hit by the gambling law in U.S with a loss of more than 47 million dollars that was for the first half of the 2007.
The profit for the same period of last year that is for 2006 was $320.5 million, while this year it is $277.4 million. Despite that, CEO of Party Gaming Mitch Garber was positive when speaking about the company’s future.