Swiss Casino presents Online casino shares drop

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The bursting of the internet poker and casino bubble extended the share-price losses of its leading players to more than 4.5bn today as a leading online gaming executive warned the extraordinary growing market seen this year has receded to nothing better than "flattish".

PartyGaming shares plunged by a third after that warning and those losses have now been extended to more than 50%, wiping 3.3 billion off the value of the company as the shares today fell another 6p to 74p.

Empire Online"s shares dived almost 25% on the comments, falling 44p to 139p - half what they were a month ago. Lanir"s comments come just a month after a similar warning from market leader PartyGaming, the largest online poker room operator in the world, which catapulted into the FTSE 100 after floating this summer.
 
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