PartyGaming Remains Bullish
As reported by the U.K. Guardian: "The online gaming group PartyGaming today brushed aside concerns raised by the arrest in the US of a British executive from a rival company as it reported soaring revenues. "PartyGaming, owner of the world's largest online poker site, PartyPoker, said the drop in share prices in online betting companies following the indictment of BetonSports presented acquisition opportunities. "Mitch Garber, PartyGaming's chief executive, told Reuters: 'I've had a very strong M&A (mergers and acquisitions) focus in my previous life and Martin (finance director Martin Weigold) and I have been looking at companies,' he said. 'Any time price becomes more attractive, I guess deals become more attractive.' "As for the turmoil that has engulfed rival BetonSports following its indictment by the US justice department, Mr Garber said: 'The characteristics of the indictment are very far away from what PartyGaming does.'."