Dow Jones reports that Party Gaming, which recently enjoyed a successful IPO on the London Stock Exchange has been listed as a “buy” recommendation by UBS.
The listing advises that PartyGaming is a global market-leading online poker group with an estimated 54 percent market share and is “…likely to be incorporated into the FTSE 100 in September.”
The advisory takes a bullish view on the industry, commenting that “…the growth in poker is just starting, and from a standing start in ’01, the group now has 400,000 active customers per month – a small fraction of the estimated 50 million players in the US alone.”