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PartyGaming boss puts his money up for the company

By Go-Bingo - online bingo news on November 27, 2007 11:42 AM |

Putting your money where your mouth is constitutes a virtue most gamers will appreciate, especially when it's the boss of a gaming firm showing his confidence in the future of his company.

PartyGaming CEO Mitch Garger has expressed his confidence in the online gaming giant by taking options for 3.5 million shares and reversing previous plans to sell some of his existing stock, according to a Reuters report.

PartyGaming offers the PartyBingo online bingo game product along with a host of other casino online offerings.

Though enjoying a productive last two quarters, PartyGaming is currently awaiting news on whether or not US authorities are likely to take action on the company's taking of bets from US-based gamblers prior to the passing of the Unlawful Internet Gaming Enforcement Act (UIGEA) last year.  PartyGaming was amongst many online bingo operators who lost substantial amounts of revenue due to the implementation of UIGEA.

PartyGaming immediately withdrew from the US market as soon as UIGEA became law.

Written by John Witherspoon

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This page contains a single entry by Go-Bingo - online bingo news published on November 27, 2007 11:42 AM.

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