PartyGaming Remains Bullish

Friday July 21, 2006

As reported by the U.K. Guardian: "The online gaming group PartyGaming Plc today brushed aside concerns raised by the arrest in the US of a British executive from a rival company as it reported soaring revenues.

"Party Gaming, owner of the world's largest online poker site, Party Poker, said the drop in share prices in online betting companies following the indictment of BetonSports presented acquisition opportunities.

"Mitch Garber, PartyGaming Plc's chief executive, told Reuters: 'I've had a very strong M&A focus in my previous life and Martin and I have been looking at companies,' he said. 'Any time price becomes more attractive, I guess deals become more attractive.'

"As for the turmoil that has engulfed rival BetonSports following its indictment by the US justice department, Mr Garber said: 'The characteristics of the indictment are very far away from what Party Gaming does.'?"