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UK
Casino Times
> Casino
News
06 June 2005
US Gambling Laws Threaten
£5.5bn Float
Partygaming,
the Gibraltar-based owner of Party
Poker, the world's
biggest online poker site, may be forced to pull its
£5.5 billion London float as fears grow about the
legality of internet gambling in the United
States.
Analysts at blue-chip US
institutions who would be expected to buy shares in
PartyGaming said this weekend they will not automatically
back the firm and will need convincing that the US
government will not harm the company. Online gambling is
illegal in America.
The situation could force
PartyGaming either to lower its target price or possibly
pull the float altogether.
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