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Explore the world of online casino shares

With Party Gaming announcing an increase in worldwide gambling revenues, the future of online casino shares on the stock exchanges of London and elsewhere is no longer as much in doubt as critics previously thought (or hoped for). Online casino shares have had a rocky go at it since Party Gaming first went public in late June on the London Stock Exchange. At first, billions of dollars were made in the first days of trading, but the fickle market responded negatively, unsurprisingly to those who know a thing or two about market forces, but somewhat negatively and surprisingly to the online casino world itself, which saw Party Gaming’s shares drop to a point that wiped out all of the gains which had been made.

Since then, other online casino companies from around the world have gone public with their own IPOs, and the response from gamblers and investors while strong has still been weak compared to the hopes and dreams of easy money online casino executives seem to have harbored in the period running up to the major IPO releases of the summer and autumn. With the announcement of exceptionally good and confidence-building figures coming out of Party Gaming, will world wide investors see the value once more in supporting a still young gambling sector by investing in shares publicly?

The world will have to wait and see, but online casino companies can probably be expected to continue on the paths they were on and offer further IPOs on the London Stock Exchange for as long as good news continues to be released from major parties in the online gambling world like Party Gaming, parent company of one of the most popular and successful online poker rooms in the world, Party Poker, in addition to the increasing in popularity Party Bingo.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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