PartyGaming (LSE: PRTY) has all the attributes of a great Internet business. Its offerings are interactive; they allow user-input and provide some sort of social interaction. Also, unlike many Internet businesses, the company has a clear idea how to make money.
Unfortunately, the industry is also fraught with uncertainty, especially after the arrest of David Carruthers, former CEO of BETonSPORTS (LSE: BSS), in the US on racketeering charges. And now today we learn that the chairman of Sportingbet (LSE: SBT), Peter Dicks, has also been arrested in the States. Let’s hope the PartyGaming directors are more careful!…
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