Online Casino Gambling News - by Gamblers Lodge

PartyGaming, the leading online poker corporation responsible for poker sites like PartyPoker, (back when online casino gambling first began) has appointed Investec Securities to guide the company in its expansion and strategic planning. The move was accompanied by a statement from PartyGaming that the company seeks to be on the London Stock Exchange, which would give it a good run at being an FTSE 100 company.

Although the prospects look good for the $6 billion valued company, top banking firms turned down offers of being involved with the online poker guru. Main concerns are due to the instability of the online casino industry in the U.S. currently. Since PartyGaming - and PartyPoker at that – receive most of their business from the U.S., which is ironic to say the least, there was hesitation on big banks to put their name with the gaming firm.

For now, it looks like the new appointment of Investec Securities was a wise move, and one which will eventually bring more investors and capital into the company, albeit the large banks may not get involved initially. However, with an earnings revenue that is expected to exceed $600 million in 2005, it may be hard to resist a little stock in PartyGaming. Get ready London Stock Exchange.

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