Online Casino BTDino

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Friday, October 07, 2005

Online casino stock

GAMBLING is becoming a mainstream hobby. Once the preserve of high-rollers in upmarket casinos, or low-rollers in smoky high street bookmakers, gambling is now a middle-class pastime raking in about £4 million a day.

Part of the reason it has become more popular is the willingness of women to play online. Partygaming, the owner of the PartyPoker.com gambling website, which is set to float on the Stock Exchange with a price tag of £4 billion to £5 billion, says that 10 per cent of players are women. Other estimates put the figure at 30 per cent to 40 per cent.

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The PartyGaming offer will be open only to institutions. Private investors, who have to wait until the shares start trading before they can buy, will be disappointed by their exclusion because some gambling stocks have been delivering generous returns. For example, if you had put your money on Sportingbet, the AIM-listed online gambling company, when it launched two years ago, you would have seen the price of your shares rise from 18p to 290p.