Party Gaming Cuts Dividend
Published: Wednesday, October 04, 2006 Online-Casinos.com
PARTY GAMING CUTS DIVIDEND
We might need the cash for acquisitions, say management
In what seemed to be an advance indication that it intends to benefit from the low company values now littering the UK landscape in the wake of the American legislative developments, Party Gaming has cancelled its interim dividend.
Company spokesmen said Party has cancelled its interim dividend, due to be paid on 31 October, because it believes that cancellation will "allow (it) to take advantage of the many attractive opportunities in the sector that will emerge over the coming months".
It added it would review the appropriate dividend policy for the ongoing group.
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