September 7 - PartyGaming Plc shares have dropped by a massive 28% since the
online gambling group was recently floated on the London Stock Exchange.
PartyGaming stock has dropped by almost 45p, effectively decreasing the company's
market value by a staggering $3.3 billion.
Analysts have attributed the decrease to slowed growth rates in the online gambling
industry. PartyGaming operates PartyPoker, one of the most popular and lucrative
online poker rooms on the Internet.
Another major online gambling operation, Sportingbet Plc, has also experienced a
drop in their share price.
Financial firm, Christensen Capital Advisors, estimate that the growth of online casinos and the online gambling industry will
'slow down' to a 60% increase next year,
from an 130% increase this year.
