Empire Online founder Noam Lanir: It’s clear that the phenomenal growth rates in the online poker industry won’t continue forever.
Today, PartyGaming (LSE: PRTY), which operates the world’s largest poker website, announced that its growth rates were falling. The company then lost $4 billion off its market cap within minutes.
This decline is liable to affect the IPO of 888.com, owned by the Shaked brothers and Ben-Yitzhak brothers.
Sources previously predicted that Party Gaming would make a counter takeover bid for Empire Online Ltd. (AIM: EOL).
Empire Online founder Noam Lanir said, “It’s clear that the phenomenal growth rates in the online poker industry won’t continue forever.”
"Globes" has learned that PartyGaming co-founder Ruth Parasol has Israeli citizenship, and occasionally visits Israel.
Published by Globes [online] - www.globes.co.il - on September 6, 2005