11% Growth for Online Casinos Shares

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Online Casinos Archive » 11% Growth for Online Casinos Shares

11% Growth for Online Casinos Shares

28 Jun 2005

Party Gaming, the online casinos gambling company, entered the London stock exchange with a highly wanted online casinos share offering that rose 11% by the end of the trading day. This values the online casinos company over $9 billion. Some other online casinos are expected to offer their own online casinos share even though the US Justice Department has stated the online casinos business as illegal.

The online casinos share for Party Gaming online casinos was oversubscribed in a volume that points that American fund managers bought online casinos shares. This capitalization makes Party Gaming online casinos more valuable than land based casino giants like Harrah's Entertainment and Wynn casinos Resorts. In fact, Party Gaming online casinos are worth almost as much as MGM Mirage.

A Party Gaming online casinos spokesman, Ed Bridges, said “online casinos shares are being sold to an international group of investors" though he didn’t disclose which countries or funds participated.

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