Sensationalist Party Gaming Headline of the Week

[MiltonFriedman]

My opening nominee is this gem, gleaned from ATEOnline:

Net Closing In For PartyGaming & 888? - 13/08/07

PartyGaming and 888.com could be hit by a £500m bill following the US Department of Justice's internet betting crackdown.

Sources in the US are claiming that The Department of Justice could try and claw back profits made by the two companies in America - $900m (£445m) in the case of PartyGaming and $120m (£59.5m) for 888.

The returns would severly hamper the companies' financial viability. "

.... 'Sources in the US' .... do they mean guys who are shorting Party shares on the AIM ?

If, on the other hand, this $500MM or so buys online poker generally a pass under the UIGEA going forward, it is money well spent. IF there is a kernal of truth to the report, then a deal likely is in the works along those lines for the payees.