What could possibly be the reason behind these two heavyweights merging a partnership? Well, how about the fact that the ban on online gambling in the United States has been lifted! It’s a very smart move for Austrian based Bwin to make, as UK based PartyGaming once ruled the U.S. online gambling market.

After the U.S. ban lift was announced, PartyGaming announced the next day that Bwin would become a partner.

The coupling of these two gambling giants has bookmarkers worried, as they each bring a lot to the table. Before the 2006 federal ban on online gambling in the United States was imposed, PartyGaming was ranked the number one online gambling company in the world. After the ban, many bookmarkers were forced out around the world, as well as PartyGaming.

The 2006 federal ban hit many online gambling operators hard, but hands down, PartyGaming was hit the hardest as 70% of their players resided in the United States. They went from ranking number one in the world to sliding down to fourth place.

Now that the ban has been lifted, PartyGaming will be able to come back in full swing and bounce back from their losses, and take back their number one title.

The publicly traded Party Gaming is happy to report that the first week in March showed some incredible rises in stock price as the stock climbed from an already nice number of $301 dollars to $321.90 dollars by the end of the week! Investors were happy to see this happening and said that the growth in the stock price had a direct relation to the numbers of success that were reported from the company earlier in the week that said Party Gaming as a whole had a strong finish in the last quarter of 2009 especially with regards to their Party Poker division.
 
The company is hoping that this continue into next week as everyone is happy when these type of results are displayed!
 
There are many reasons that the company as whole has reason to believe that they will continue growing. While online gambling continues to grow in popularity around the world, they are also happy to announce that the government law suit between the US and PartyGaming was concluded last year and they are free of the legal battle.
 
The company had also spent last year making some acquisitions into smaller online casinos that turned out to be a worthwhile investment and making a bigger name and brand presence for themselves. In turn this is all paying off and the online gambling company is on route for another great year.
 
The rise of this online casino gaming stock is bringing up the prices of other online casinos that trade on the London Stock exchange. It will be interesting to see what happens next week and if the trend in the rise of the prices continues!

There are many waiting the results that the financial report from Party Gaming will bring. The forecasters are waiting to hear from the financial officers of the company as reports of the final earnings are due out this week. It is rumoured that the company finished strong and so investors will be happy to hear the latest earnings and in turn will be lucky to watch their investments climb.
 
Of course there have been disappointments before so many are hesitant top up their holdings before they hear any news and some are even hedging their investments. Las year was a slower year for some online casino companies as many lost several hundreds of thousands of US based players due to several reasons such as laws by the government as well as the recession. The online casino industry does has some publicly traded members such as Party Gaming which actually the largest traded online casino on the London Stock Exchange.
 
It will be interesting to see what this year brings out in performance because it will also be an indicator for the next quarter to follow and party gaming is hoping to rise ahead of the competition and show their players and investors that they are the best in the industry be it to play at their online casino or poker room or to invest in the stock as part of your investment portfolio.
 
Stay tuned to our news sections as we will report the information once it is released and we will have our fingers crossed that the online gambling group had as good a year as some have hoped.