09.06.07

Internet Gambling Regulaton Hits PartyGaming

Posted in News, Online Gambling, PartyPoker at 6:36 am by maconlinepoker

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.

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