Party Gaming takes 250 million hit, talks acquisitions...

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Party gaming took a 250 million one time charge to write down closing its US Operarions after the UIGEA was signed into law. Despite this one time charge, Party CEO Mitch Garber suspects there's significant opportunity for consolidation and expansion within the industry.

Additionally, their group revenue from non-US operations were up 158% on the quarter and additionally Party's non-US poker net daily revenue up 151%.

Press release here