U.S. law hits PartyGaming results
29 Aug 2007
"The Partypoker website operator posted a pre-tax loss of $47.1m (£23.5m) for the six months to June. Last year it reported a pre-tax profit of $320.5m.
"Laws passed in the US last October effectively made it illegal to trade there, hitting the business.
"But continuing operations were performing "strongly", the firm added.
"But the firm's shares are still less than a fifth of what they were at their peak at the beginning of 2006 when they hovered around 155p..."