Partygaming Share Discussion Threads

[shayadfn] 15/1/2011 22:19

I'd be surprised if any serious investor would consult the Daily Mail for his/her investment decisions- (I'm a holder of prty and this is not an encouragement to sell/hold or buy Prty). But I guess nothing would surprise me- There was a time when we used to have fun with names like 'Hunt'. We used to ring up our secretaries and get them to ask if our client 'Mike Hunt' had called in.

[randolph and mortimer] 14/1/2011 14:19

Crackdown on foreign internet gambling operators

14 January 2011, 8:47am

A dramatic crackdown on online gambling firms could result in hundreds of foreign operators being forced out of Britain.

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Culture Secretary Jeremy Hunt is planning to stop companies based overseas from advertising in this country amid mounting concern that millions are becoming addicted to gambling.

He is also considering a ban on the use of credit cards for internet gaming to stop people risking money they do not have, the Daily Mail has learned.

The moves would drive hundreds of foreign firms out of this country, officials believe. They would involve tearing up large parts of Labour's controversial 2005 Gambling Act, which is blamed by critics for a dramatic deregulation of the industry.

A senior government source said: 'Ministers are concerned about the explosion of internet gambling advertising since Labour relaxed the gambling laws. Changes the Government want to make would help protect the public from gambling companies that don't meet UK standards but have been allowed to profit from Labour's lax approach to internet gambling.'

Experts say around a million children are addicted to gambling and Labour's lenient gaming laws are largely to blame.

They warn that vulnerable children have become hooked after casinos, bookmakers and betting websites were allowed to advertise on TV.

Under the Gambling Act, any company that holds a licence for online gaming in the UK must carry out stringent checks to prevent children playing highly addictive games. But only operators who locate their key equipment in Britain are required to be licensed by the Gambling Commission.

And a loophole in the law means that countries across Europe - and others in a so-called 'white list' - can advertise their services in the UK without being subject to strict regulations.

They include Alderney, the Isle of Man, Antigua and the Australian state of Tasmania. UK consumers spent £2.5bn on internet or telephone gambling, and operators licensed by the Gambling Commission represented less than a quarter of this.

'This means that UK consumers aren't being as well protected as they could be,' said the government source.

Italy and France have recently moved to license and tax firms in their own countries rather than overseas, and others, including Spain and Greece, look likely to follow suit.

'We are the only country to permit overseas operators to advertise whilst relying on an overseas licence on issues of playing protection,' the source added.

Mr Hunt is considering overhauling the law so that all online and telephone gambling is regulated here. All those offering services in the UK market would have to hold a Gambling Commission licence and subject themselves to the provisions of the law.

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[old joe1] 13/1/2011 14:37

At last after 3 weeks got my charting gear and problem sorted out. Right first up PRTY will we get a bounce on the chart from the recent weakness. Im hoping so and had a few earlier today, thats a fairly established resistance/support line so law of averages says after a while it will be broken.

[goldie40] 12/1/2011 18:19

intresting buy over 500000 at close

[srpactive] 12/1/2011 16:58

basing out nicely, now with the close at 212.1p
above the 212p, we could see a decent move up,
starting hopefully soon.

dyor

[bleepy] 11/1/2011 08:51

Good news indeed...

[grizzly bare] 10/1/2011 14:37

Struggling to hold support at 205p/206p.

I still think it could test 198p/200p.

[salpara111] 07/1/2011 12:07

Mergers dont usually destroy value.

Takeovers where one company overpays to acquire another is the usual cause of shareholder value destruction.

My take on this is that there is no cash changing hands as it is an all share deal with a cash alternative so unattractive that no one is going to take it.

The bottom line is that they will be able to dramatically reduce their operating costs, which will flow straight through to the bottom line.

I do believe that the industy as a whole is facing serious headwinds going forward but that we are probably at/near the bottom of the current valuation cycle....only time will tell if I have been overly optimistic.

[outsourcer] 06/1/2011 19:24

but the two of them combined, will be a giant in the gambling arena

[indomie] 06/1/2011 17:46

OUTSOURCER - perhaps because history shows the majority of mergers destroy shareholder value?

[salpara111] 06/1/2011 16:33

Well, I set a limit order of 207.5 today which was executed.

I will hold until the meger goes through as that may stimulate some interest.

I accept that it may well test the 200p level but am happy enough with my entry point.

[outsourcer] 06/1/2011 15:08

when nothing has changed fundamentaly since the announcement of the merger, how can a share continue to test its lows

[grizzly bare] 06/1/2011 12:48

Still think there is a good chance we are going to test 198p/200p.

Average stock out on loan during Dec pretty high so plenty of shorters.

[salpara111] 31/12/2010 18:42

Pretty lacklustre year for PRTY.
Cant make my mind up whether to get involved.
I find it difficult to put a value on PRTY the sector seems to be moving from one of a growth story to a maturing sector, the only problem is that none of the companies in this sector make normal profits or pay respectable dividends so the share price is sentiment driven.
I guess there is probably little downside from this level but equally it is difficult to determine what will drive the share price up.

[grizzly bare] 31/12/2010 17:12

Oops I may have spoken too soon ..... back to 205p.

Will we test 198p/200p next week.

Maybe could merge with 888 and can then be called Bwin.Party.888.

[hubshank] 31/12/2010 09:12

Name change at EGM in January to Bwin.Party.com - doesn't exactly sound catchy or full of pezaz!!! Guess the marketing dept must all be on an extended Xmas holiday and the cleaner came up with that.

[grizzly bare] 30/12/2010 11:42

Well bouncing off 205p at the moment Dave. Looking good for you.

[grizzly bare] 26/12/2010 14:40

Dave thanks for your comment.

I do tend to like my simplistic graphs which have served me well over the years. I do ignore intraday prices, but on my graph the interday low in July appeared as shown!?

It still looks to my mind that we could test 198p/200p soon..

I hope that for those holding Prty 205p is the low and bounces.

Let's see what happens.

I'll keep my money in my pocket for the moment.

[bleepy] 24/12/2010 15:42

Merry Xmas to one and all.

[shayadfn] 24/12/2010 09:43

Outfly you have to understand that due to the volatility of this stock- it will be played with by the big boys in between the qrtly KPI's announced by the company. It is a feature of this sector.