PartyGaming’s winning streak continued yesterday amid talk of favourable regulatory moves in the United States. It is said that an American state will legalise online poker, in a possible tie-up with PartyGaming.
James Hollins, of Daniel Stewart, the broker, played down rumours that Harrah’s, the casino operator, would bid for PartyGaming, up 23p to 283p, since it does not have the cash, but he said that a more immediate prospect would be a crackdown on PokerStars and Full Tilt, rival online sites that continue to operate in America in defiance of the online ban. The broker also believes that a lifting of the ban will trigger a round of consolidation.
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