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PartyT
Administrator
USA
20679 Posts |
 Posted - 05/10/2010 : 1:39:42 PM
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UPDATE 2-PartyGaming eyes return to US as Q1 revenue jumps
LONDON, May 6 (Reuters) - Online gambling group PartyGaming (PRTY.L) said it was gearing up for a possible return to the United States if legislation banning the industry is overturned, after reporting a 27 percent rise in first quarter revenue.
PartyGaming, which operates the PartyPoker and PartyCasino sites, said it was encouraged by congressmen Barney Frank and Jim McDermott's moves to push through a new bill to regulate online gambling which was made illegal in the United States in 2006.
Chief Executive Jim Ryan told reporters the most likely initial move by U.S. authorities would be to legalise online poker, seen as a game of skill, which could in time lead to other forms of online gambling being allowed. "We are seeing increased momentum towards regulating online poker. It's possible that it could happen this year and we're prepared if it does," Ryan said on a conference call.
By Matt Scuffham
http://www.reuters.com/article/idUSLDE64508X20100506
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2-PartyGaming eyes return to US as Q1 revenue jump
