Investors Decide To Gamble On Poker Dot Com
from the poker-bubble dept
As expected, the somewhat questionable online gambling operation, PartyGaming, has gone public. Despite various worries and a lowered range, it appears that initial investors had no problems placing a few extra bets, as the stock quickly jumped on the London Stock Exchange, where it's listed. Of course, the company is listed in London, despite being based in Gibraltar, with most of its employees in India and most of its customers in the US, where the whole operation might just be illegal. Anyone want to make a bet that the founders (now billionaires) have learned enough about how this all works to cash out at least a few chips for when the poker bubble collapses?