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Wednesday, September 8, 2010

PartyGaming gains from European court ruling on German monopoly - 8th September 2010

Investors are taking a punt on online gambling companies following a ruling that German restrictions breached European law.

The European Court of Justice ruled there should not be a state monopoly of sports bets and lotteries in Germany, potentially opening up new opportunities for the online gaming groups. PartyGaming shares have climbed 12.9p to 285.5p on the news while its merger partner - Austria's Bwin - is more than 6% higher. 888 Holdings is up 1.25p at 41.75p while Sportingbet has added 0.25p to 67.25p.

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