Game Types Bonuses Slots More
Online Casinos Poker Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Live Dealers
Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions Edit Preferences Search
Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW!

Ryan McLane

Ryan  McLane
Ryan McLane was a poker reporter for Casino City. Although he has a strong background in reporting, the same can't be said for his poker skills. He has never won a major tournament nor is he a professional player. Currently, Ryan lives in Boston and occasionally makes international treks to cover tournament poker and news.

More about Ryan McLane
More articles by Ryan McLane

Related Links

PartyGaming stock nears all-time low

14 Aug 2007

By Ryan McLane

PartyGaming stock closed at 27 pence yesterday, its lowest close since one month after the American government signed the UIGEA into law and prompted the once mighty online gaming company to exit the lucrative U.S. market.

After opening at 129 pence per share on June 27, 2005, the stock has been on a roller coaster that mimics the industry itself, reaching a high close of 176 pence on July 28, 2005 and a low of 26 pence per share in December of the 2006.

PartyGaming stock nosedived after the company left the U.S. market

PartyGaming stock nosedived after the company left the U.S. market

The stock held steady in the pre-UIGEA era, well above the 100-pence mark for most of the company's first year on market. But share value plummeted from 107 pence to just 45 on Oct. 2, 2006, when it announced it would leave the U.S. market.

Once the UIGEA became official on Oct. 13, 2006, the stock dropped again to the 34.5 pence per share mark. It would dip to 27 pence the following week and hit its all-time low on Nov. 8, 2006, closing that day at just 26 pence per share. It hit that mark again on Dec. 11.

PartyPoker, the largest brand in the PartyGaming family and once the largest of the online poker sites, immediately shifted its focus to Europe and continued to draw player.

About Us | Advertising | Publications | Land Casinos