Tag: Bwin.party Morgan Stanley poker relaunch
Bwin.party shares drop after Morgan Stanley pinpoints poker relaunch
January 10, 2014
iGaming Business – Online gaming operator bwin.party’s share price fell on Tuesday after broker Morgan Stanley said that the relaunch of online poker service PartyPoker had failed to make a significant impact so far, according to the Financial Times newspaper. Morgan Stanley cited industry data that suggested that the company’s online poker service, PartyPoker, had continued to lose market share over the past four months, with no great uplift in traffic. PartyPoker relaunched in September shortly after the company issued a warning that its efforts to streamline the business were likely to impact sales. Bwin’s share price on the London…