Gambling News by Gambling Headquarters

Mitch Garber, Chief Executive of PartyGaming, said he was unfazed by the threat of Las Vegas casino operators stepping into the online gambling market in Europe. "It's a very positive sign for our business and should be for our stock," he said. Garber also commented on PartyGaming's appetite for mergers and acquisitions. "We will continue to pursue deals that are accretive and can add either management or product expertise to any of our operational lines, and we will be pushing further into new territories as a main and key objective of M & A and in our organic business plan," he said. Dresdner Kleinwort, PartyGaming's company broker, reduced the share price target from 56p to 50p, while Swiss broker UBS upgraded its advice on the online poker operator to 'neutral' from 'reduce'.