It’s said that the art of poker is knowing when to fold. Those running PartyGaming certainly seem to have learnt that lesson:
PartyGaming brought the City’s poker craze to an abrupt halt yesterday
when it said growth had slowed, just 10 weeks after its four main
owners took out almost £1billion at the company’s London float.
Shares in the owner of PartyPoker.com, the world’s biggest poker site,
crashed a third, falling 51¾ to 105p, below the 116p float price.
Valued at £4.5 billion, PartyGaming is still set to join the FTSE-100.
Great gig if you can time it well.
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