Online Casino Games
Category: Casino
A few years ago, PartyGaming were the top of the casino games tree. Their poker division in particular was lauded as the largest and most powerful network in the world. However, their reign as the premiere provider of casino games online was brought to a crashing halt with the advent of the UIGEA.
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The Unlawful Internet Gambling Enforcement Act was brought into US law in late 2006. It effectively outlawed the practice of online gambling in America and forced PartyGaming to withdraw from the market. This cut a massive swathe through their casino games customers and caused their stock plunge.
Three years on and PartyGaming are starting to see the green shoots of recovery. A number of legal movements are underway which many hope will overturn the UIGEA. The company have also worked hard to establish a firmer foothold in Europe. Recent deals mean they will be offering a new Italian poker room and sports betting facilities. They’ve also clinched a £923 million bingo deal.
What has kept them afloat for this long has been their online casino service. Last month their stock rose 2%, despite diminishing returns from the sports and poker sections of the business. Their selection of casino games online has proved extremely popular with the public, and has become a consistent earner for the company. If they do return to the US it seems certain that online casino games will be at the forefront of their strategy.
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