Friday, July 21, 2006

PartyGaming plans expansion outside U.S.

PartyGaming plans to expand aggressively outside the United States, but sees no risk of being dragged into the U.S. indictment of a rival for racketeering, the world's biggest online gaming firm said.

PartyGaming reported a 49 percent boost to second quarter revenues on Friday.

PartyGaming's policy of not taking sports bets from the United States -- a business that remains legally ambiguous -- has been a wise one in the light of the BETonSPORTS indictment, said Garber.

"The characteristics of the indictment are very far away from what PartyGaming does," he said. "PartyGaming intentionally does not take U.S. telephone bets on sports."

To read the complete article.

PartyGaming seems to know what they are doing and trying very hard to avoid BetonSports' fate. :)

Happy investing,

Dah Hui Lau (David)

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