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Online Gaming Stocks Continue to Fall

Empire Online Announces that Market Has Been Flat

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Shares for online poker giants Empire Online and PartyGaming fell sharply on the London Stock Exchange on Monday after Empire reported that online poker growth has remained stagnant the last few months.

PartyGaming's shares were up a half a penny at the close of today after falling to 71p yesterday, which is 105p lower than when the stock peaked late July. Empire Online's shares fell 62p to 121p from Friday.

Independent of Empire Online's report, PartyGaming announced that it will no longer work with Empire Online and other poker "skins" to provide players places to play. That means the people who sign up to play at PartyPoker.com
will be able to play only at that site. This move will affect player traffic at both of the sites.

Shares of 888.com also slid, dropping to 143p at the close of from 161.25p on Friday. When the company floated its stock late last month, shares went for 170p. Shares peaked at 172.5p on Oct. 3, before falling to 143p Monday.
 
 
Tags: london stock exchange,   gaming stocks,   partygaming,   25p,   5p,   giants,   empire,   skins,   poker,   traffic