Profit warning from Party Gaming sends shares into decline

UK-listed online gambling group Party Gaming, often viewed as a bellwether stock, declined 9.2 percent this week on the company’s publication of a profit warning in its quarterly results. The announcement warns that Party Gaming expects to miss its profit forecast for 2007, due to higher than expected player recruitment costs.

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Wed, May 2nd, 2007

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Gambling casinos history:

  • Poker is derived from the Persian game of "as nar" and was probably based on the dice game "tali", which was played by the Romans.
  • Gambling is defined by the Webster's New World Dictionary as the following: to play games of chance for money or some other stake, or to take a risk in order to gain some advantage.
  • The name of the game "Poker" likely descended from the French poque, which descended from the German pochen ("to knock"), but it is not clear whether the games named by those terms were the real origins of poker.
  • At land-based casinos, both the player and the boxman need to be on the lookout for crooked dice in the game of craps. Each number when added together with the number on the side opposite it, will add up to 7. For example, 6 is opposite to 1. When the dice are crooked, they do not add up to 7.