06-07-2006 PartyGaming directors sell their shares in the firm

Finance Director Martin Weigold and company secretary David Abdoo sold their entire holdings raising £3.1m and £2m respectively. Chairman Michael Jackson also sold 262,000 shares at around 116p each. The sales come a month after PartyGaming founders raised a total of £232m from the sale of 5% of the poker company.

UPDATE: Shares of PartyGaming closed the day down 6% at 108p as investors sold positions on fears the bill that would crack down on internet gambling could win the US House approval next week.