The world\’s largest online gaming group has seen two of its founders, Anurag Dikshit and Vikrant Bhargava, stepping down from the board to focus on other projects and the US approving anti-gambling legislation.
Despite PartyGaming lost almost 20 per cent of its market value since the beginning of May, ABN Amro retained its \’buy\’ recommendation with a 160p target. The Dutch broker told its clients that it believes the US debate has already begun to shift towards how to regulate rather than prohibit online gaming.
HSBC increased their recommendation on PartyGaming\’s rival 888 Holdings and set a target of 251p for the online casino operator.
Betcorp closed the week down over 6%. The Australian-based sports betting operator lost over 30% since floatation in March.
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