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Javier Espinoza, 07.10.09, 10:43 AM EDT
Internet gambling seems like a recession-proof business and even the reluctant U.S. might ride the train.
LONDON -- Despite warmer weather and tough economic conditions, sofa spuds are still playing high rollers in virtual casinos. On Thursday online gaming firm PartyGaming, reportedly a takeover target of Nasdaq-listed rival Gigamedia, saw a jump in shares as much a 7% after it said trading in the second quarter has been robust with revenues in line with the first quarter.
Odds Look Good For Gamblers - Forbes.com
Internet gambling seems like a recession-proof business and even the reluctant U.S. might ride the train.
LONDON -- Despite warmer weather and tough economic conditions, sofa spuds are still playing high rollers in virtual casinos. On Thursday online gaming firm PartyGaming, reportedly a takeover target of Nasdaq-listed rival Gigamedia, saw a jump in shares as much a 7% after it said trading in the second quarter has been robust with revenues in line with the first quarter.
Odds Look Good For Gamblers - Forbes.com