Online Poker Room Hurting

After withdrawing from the US market in order to safeguard operations, online poker room company PartyGaming saw a 13 percent drop in share value on Monday, and the 90 percent drop in revenue from popular online poker room Party Poker is very likely. More than 80% of rake and tournament fees seem to have evaporated overnight, and a ticker that was formerly prominent on the site showing the number of players and how many tables were up has been removed. PartyGaming is sensitive to the competition, such as the Israeli-owned PokerStars, which is actively recruiting US players from those left wanting after Party Poker and other sites departed the American poker market. Later this week the third quarter figures from PartyGaming are expected.