Feeds

Party Gaming axes interim dividend

US gambling ban reverberates through sector

Next gen security for virtualised datacentres

Party Gaming, the world's biggest online gambling business, is axing its interim dividend, worth $115m, previously due to be paid on 31 October.

It is making the move in response to the prohibition of online gambling in the US, where most of its customers live. The ban was smuggled unexpectedly through Congress late last week, with provisions making it illegal for American banks and credit card firms to process payments to gambling sites inserted the Safe Port Act. The ambush threw the big online gambling companies into disarray and sent their share prices plummeting. Most of the major players are listed on the London Stock Exchange, if domiciled abroad.

Party Gaming, headquartered in Gibraltar, has suspended all real money gambling with US residents. It says the cancellation of the interim dividend will enable it to "take advantage of the many attractive opportunities in the sector that will emerge over the coming months".

We take this to mean that it is looking to make distress purchases and to beef up its business in east Asia, a hotspot of gambling, of all kinds. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.