Online gaming firm PartyGaming shows signs of recovery
The group's value dropped by as much as 76 per cent following the passing of the UIGEA, according to UK newspaper The Daily Telegraph, forcing it to drop the very significant part of its businesses that the US represented.
Since then PartyGaming has developed alternative markets in Europe and Asia with such success that its share price has recovered by around 66 per cent this year.
Lite Trading's Darren Sinden said that a number of factors have been responsible for the company's reversal of fortune: “Since the start of the year, talk of consolidation in the sector and hopes of a possible reversal of the worst of last autumn’s US gaming regulations, combined with figures from the company showing that it is seeing recovery in its core markets, have led to a pick-up."
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