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PartyGaming Plc (lse: PRTY) is an online gambling company, best known for its online poker room PartyPoker.com. It is headquartered in Gibraltar and quoted on the London Stock Exchange. PartyGaming Plc was founded in 1997 with the launch of Starluck Casino. Prior to passage of anti-online gambling legislation by the U.S. Congress, PartyGaming Plc was the world's largest online poker brand (based on ring game revenue and number of players). Its market share has diminished since then but it remains the fourth largest online poker room in the world.

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Wikipedia About PartyGaming

PartyGaming Plc (lse: PRTY) is an online gambling company, best known for its online poker room PartyPoker.com. It is headquartered in Gibraltar and quoted on the London Stock Exchange. PartyGaming Plc was founded in 1997 with the launch of Starluck Casino. Prior to passage of anti-online gambling legislation by the U.S. Congress, PartyGaming Plc was the world's largest online poker brand (based on ring game revenue and number of players). Its market share has diminished since then but it remains the fourth largest online poker room in the world.

Early years

PartyGaming was founded in 1997PartyGaming: Our History as a network of gambling sites operated by Ruth Parasol in the Caribbean. The network eventually operated under an umbrella company called iGlobalMedia, which then changed its name to PartyGaming. PartyGaming's flagship site, PartyPoker.com, was launched in 2001. Its primary shareholders are Parasol, Group Operations Director Anurag Dikshit, Marketing Director Vikrant Bhargava (who joined the company in 1998 and 1999, respectively), and Russ DeLeon (Parasol's husband, Harvard attorney and serial entrepreneur).

In the 1990's, Las Vegas consultant and actuary Michael Shackleford ran a computer trial of the first blackjack and roulette games offered by the Company. Shackleford stated that the "results clearly showed they (the games) weren't fair". Ruth Parasol's spokesman Jon Mendelsohn acknowledged that the chances had "tipped too much toward the house", but attributed the problems to "software flaws", not rigging. It led to the development of their own proprietary software rather than using external platforms.

The IPO

The foursome sold over 23% of their combined shares to take the company public on the London Stock Exchange in June 2005. The initial offer price of 116p valued the company at £4.64 billion ($8.46 billion). Within a month the share price rose to make the value of the company exceed twelve billion dollars. In early September 2005 a cautious statement about future growth prospects saw the shares fall by a third in a day, but the same week the company was promoted to the FTSE 100 Index. By the end of November 2005 the stock had regained its original IPO value. During the IPO, no new shares of PartyGaming were issued, and the company did not receive any additional capital as a result. Rather, shares merely changed hands with the four shareholders reducing their shares to benefit employees.

Post IPO

Dikshit and Bhargava stepped down from the company's board in May 2006. Dikshit announced that he would remain with the company as the Chief Operating Officer; Bhargava would continue as an advisor and shareholder of the company while pursuing other business interests.

In February 2006 PartyGaming introduced a new integrated platform, enabling multiple games to be played without requiring customers to log in each time and deposit funds in separate accounts. An online backgammon site, PartyGammon.com, was launched in mid-2006. In August 2006 PartyGaming acquired Antigua and Barbuda registered sports betting operator Gamebookers which focuses on the European market.

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News about PartyGaming

CryptoLogic Continues Path to Profitability Amid Challenging Conditions

Marketwire via Yahoo! FinanceCryptoLogic(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a world leader in Internet casino and branded gaming software, today announced its financial results for the first quarter ending March 31, 2009.http://biz.yahoo.com/iw/090507/0498830.html

Thursday preview: Barclays, Thomson Reuters, Diageo

ShareCast via Yahoo! UK & Ireland FinanceShares in banking giant Barclays have been more sought after than Bruce Springsteen concert tickets over the last month, advancing by 66%, as investors have performed a read across from the company's US peers, most of which have outperformed expectations in the first quarter.http://uk.biz.yahoo.com/090506/214/ikv7r.html

Bill unveiled to reverse U.S. online gambling ban

Reuters via Yahoo! Canada NewsLegislation aimed at reversing a three-year-old ban on Americans placing online bets was introduced on Wednesday by U.S. House Financial Services Committee Chairman Barney Frank.http://ca.news.yahoo.com/s/reuters/090506/tecnology/net_us_f...

Move to end US ban on online gambling

Daily TelegraphGaming companies from PartyGaming to 888 will hope their luck finally turns this week as a law is proposed in the US aimed at overturning the country's ban on online gambling.http://www.telegraph.co.uk/finance/newsbysector/retailandcon...

Net Gambling Ban Could Be Near Rollback

InternetNews.comBarney Frank plans to introduce legislation lessening a Bush-era Internet betting ban.http://redir.internet.com/rss/click/www.internetnews.com/bre...

News about Partygaming

Frank to unveil online gambling bill

Financial Times ... Frank, the Democratic chairman of the committee, wants to introduce a licensing regime for online gambling companies, modifying anti-gambling laws that led to a series of investigations into executives at companies such as UK-listed PartyGaming . Mr ... http://www.ft.com/cms/s/0/9221ea00-398e-11de-b82d-00144feabd...

Bill unveiled to reverse U.S. online gambling ban

Reuters UKHopes that the U.S. ban would be reversed pushed stocks of online gaming companies PartyGaming and 888 higher. Shares of 888 gained 7 percent to 104.75 pence, and PartyGaming rose 6 percent to 276 pence. "This legislation will be politically ... http://uk.reuters.com/article/internetNews/idUKTRE5455ON2009...

UPDATE 2-Bill unveiled to reverse U.S. online gambling ban

ReutersHopes that the U.S. ban would be reversed pushed stocks of online gaming companies PartyGaming ( PRTY.L ) and 888 ( 888.L ) higher. Shares of 888 gained 7 percent to 104.75 pence, and PartyGaming rose 6 percent to 276 pence. "This legislation will be ... http://www.reuters.com/article/marketsNews/idUSN062220492009...

Intertek hits record high on back of toy testing demand

Financial TimesPartyGaming gained 8.9 per cent to 283p. The shares have been buoyed by hopes a relaxation of betting laws would make it a target for a US gaming firm such as Harrah's. Analysts at Daniel Stewart also cited talk that PartyGaming was set buy Everest ... http://www.ft.com/cms/s/0/64e26b74-3aa0-11de-8a2d-00144feabd...

US betting ban move

Times OnlineLegislation aimed at reversing America’s ban on internet gambling was published by Barney Frank, chairman of the House of Representatives Financial Services Committee. The Bill proposes a licensing scheme that could pave the way for PartyGaming ... http://business.timesonline.co.uk/tol/business/industry_sect...

Search results for Partygaming

Partygaming Share Price. PRTY - Stock Quote, Charts, Trade History ...

52 Week High: 312.00: 52 Week High Date: 2-JUN-2008: 52 Week Low: 17.50: 52 Week Low Date: 19-MAR-2008http://www.lse.co.uk/SharePrice.asp?shareprice=PRTY&share=pa...

Learn About PartyGaming - The World's Leading Online Gaming Company ...

Latest share price 260.25p Delayed by at least 15 minutes MCAP: £1,071 (million)http://www.partygaming.com/pg/pages/aboutus/introduction

PARTYGAMING Discussion PRTY PRTY.L - Interactive Investor

Free share price, company information and discussion board for PartyGaming PLC, PRTY, from interactive investor, the UK's largest investment community.http://www.iii.co.uk/investment/detail?code=cotn:PRTY.L&disp...

PartyGaming

Price: 278.50p: Currency: GBp: Trade time: 15:39 GMT: Volume: 1,202,240: Name: PARTYGAMING: Bid: 276.50p: Net change-6.0p: Ask: 277.00p: Percentage change-2.12% Earnings: 13.13phttp://www.guardian.co.uk/business/party-gaming

Partygaming Share Price PRTY, Stock Quotes, Charts, Share Trades, News

Partygaming Plc Share Price (PRTY), Stock Quotes and FREE real time streaming Partygaming Plc Stock Charts, company fundamentals, Level 2 Data, Discussion Forums as well as other ... http://www.advfn.com/quote_Partygaming_LSE_PRTY.html

Wikipedia results for Partygaming

PartyGaming - Wikipedia, the free encyclopedia

PartyGaming Plc (LSE: PRTY) is an online gambling company, best known for its online poker room PartyPoker.com. It is headquartered in Gibraltar and quoted on the London Stock ... http://en.wikipedia.org/wiki/PartyGaming

Anurag Dikshit - Wikipedia, the free encyclopedia

In December 2008, Dikshit pled guilty to illegal Internet gambling and agreed to cooperate with the U.S. Justice Department in an investigation of Party Gaming.http://en.wikipedia.org/wiki/Anurag_Dikshit

Ruth Parasol - Wikipedia, the free encyclopedia

Ruth Parasol (born 1967) is a self-made millionaire, and a founding owner of PartyGaming with her husband Russ DeLeon, parent company of online poker site PartyPoker.com which ... http://en.wikipedia.org/wiki/Ruth_Parasol

Vikrant Bhargava - Wikipedia, the free encyclopedia

After leaving PartyGaming in May 2006, he is now believed to be involved with a number of internet, media, real estate and philanthropic ventures.http://en.wikipedia.org/wiki/Vikrant_Bhargava

Russ DeLeon - Wikipedia, the free encyclopedia

Russ DeLeon pioneered PartyGaming with his wife Ruth Parasol. Born in 1965 in Sacramento, California, DeLeon received a Bachelor of Arts degree in Philosophy from the University of ... http://en.wikipedia.org/wiki/Russ_DeLeon
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Videos found for PartyGaming

Apr 7: Partygaming reaches US deal

Apr 7: Partygaming reaches US dealShares in online gaming groups jumped on Tuesday after Partygaming said it had agreed a deal with US regulators that will see the group avoid prosecution and allow it to return to...Flash - Video

PartyGaming Financial Report and Ne...

PartyGaming Financial Report and New Jackpot MillionairePartyGaming Financial Report and New Jackpot MillionaireFlash - Video

CAP TV: PartyGaming Settles, Plus a...

CAP TV: PartyGaming Settles, Plus a CAPspose with Randy RayThis week, CAP TV from CasinoAffiliatePrograms.com examines the impact behind PartyGaming's recent settlement with the U.S. Justice Department. Plus, a special interview with...MPEG 4 - Video

£500 extra from PartyGaming - offi...

£500 extra from PartyGaming - official internal bonus codesPartyGaming introductory offers for new players. PartyPoker - Use "SIGNUP" - get £250 Free PartyCasino - Use "TWENTYONE" - get £200 Free PartyBets - Use "FREEBET" - get £50...Flash - Video

Party_Gammon.com_Million__Prog_3.mp...

Party_Gammon.com_Million__Prog_3.mpgPartyGammon.com Million on TV Programme 3 of 5Flash - Video

Answers for PartyGaming

lilam2006hotmaildid bush just signed legislation that causes partygaming to cease taking us customers?lilam2006hotmailLast year there was a legislation passed by congress that doesn't explicitly prohibit playing poker for money online, but puts more roadblocks to make it difficult to play. Most banks won't allow you ...SenseiGolden Balls - "PartyGaming" advert - HELP!!?SenseiI think it is ruth badger, well anyway i thought it was...samdoes anybody know who does the voiceover for itvbingo in the break between goldenballs?samalison hammond from big brother.DysonLGBT, did you hear about the father who named his kid Adolph Hitler Campbell? What do you think of that?DysonMr. Campbell should have named his kid Vegetable or Tomato, or Chicken With Rice.... Rachelle In High HeelsSteve NIs this convincing evidence that Party poker cheats?Steve NWho knows. I won't be supporting them since they backed out of the US market. I will not play on their site and I will not advertise them on my site any more.
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