PRTY - It's consolidation time!

'The new legal landscape may have given PartyGaming a setback, yet its revenue from non-U.S. territories is on the rise. For the six months to June 30, 2006, the company generated non-U.S. sales of $149.8 million, an increase of 151% over the similar period in 2005.'

the hedge funds will push this back up for sure... £1 will almost certainly get tested within the next 12 months and also the chance that one of the big american casino companies or william hill/ladbrokes would come sniffing. I wouldnt rule out a reversal of the current US ban with a change of government over the next 5 years.. they could just tax it instead of banning it completely. one to stock up on now and hold tight for a few years, non US growth of poker is huge, just wait till the chinese and Russians catch on... The partygaming brand is now a huge name. The charts are screaming out gap fill to me... bid rumours and short covering could get it there very quickly...

this could also start the ball rolling... branching out into sports betting looks a logical next step to me... maybe they would buy sporting bet?

While rumors regarding PartyGaming's re-entry into the US market cannot be confirmed, Gambling911.com can confirm that the company will embark on a new sports betting format exclusive to Canadian customers, slated to begin in January. The new sportsbook, which would take on the "Party" brand name in some form, was also slated to become a Gambling911.com Endorsed Sportsbook. Gambling911.com has been in the process of revamping its sponsorship platform by entering into contracts with online gambling companies that only offer full service wagering menus (i.e. those that include betting on a wide variety of international sports, full access to lines, extensive future betting opportunities, original bet offerings and novelty propositions, including professional sports player props).