Party Poker one page writeup

Party Poker one page writeup - MI021 T Th 10:30 Party...

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MI021 T Th 10:30 Party Gaming: Offshore Betting In recent years, the online gambling industry has solidified itself as an expanding, highly lucrative business juggernaut. Party Gaming, an online gambling company based in the European peninsula of Gibraltar, currently dominates the online gambling market, cornering about 55% of the world's $2 billion online poker business 1 ; similarly, Party Gaming is seven times bigger than its nearest online gambling competitor, PokerStars.com 2 . Party Gaming took the first big step into the advancement of online gambling by going public on the London Stock Exchange, where its stock has since shot up 40 percent 3 . Besides having the first mover advantage as one of the first big online gambling websites, Party Gaming owes much of its success to offshoring their services from Europe to a huge concentration of hopeful Americans. By offshoring their website from Gibraltar, Party Gaming has found a loophole in American laws that allows them to extend their services to Americans without any
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This essay was uploaded on 04/15/2008 for the course CS 021 taught by Professor Kane during the Spring '08 term at BC.

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Party Poker one page writeup - MI021 T Th 10:30 Party...

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