Online Poker Jobs on the Line

Not so long ago PartyGaming was the largest online poker room on the Internet. They were racking up record figures in number of players and dollars that were turning every one else green with envy. They seemed to be immune from collapsing economies and gambling bans. Now they too, are feeling the bite.
Founded in 1997, PartyGaming is the world's leading listed online gaming company. In 2004, PartyGaming was the largest IPO on the London Stock Exchange. The group includes a number of secondary brands such as PartyPoker.com and PartyCasino.com, PartyBingo.com, PartyGammon.com, PartyBets.com and financial spread betting through PartyMarkets.

But hard times, when they come, can put a damper on even the most thriving of companies. Betting, gaming and gambling are no exception. Following reports of disappointing financial results, PartyGaming, which has its head offices in Gibraltar, has announced it will be laying off up to a third of their Gibraltan staff.

The news follows hot on the heels of an announcement by Bodog, another large gaming company which has just let go some 300 employees in North America. It seems that both companies are having a hard time recruiting new customers. The number of existing players has also dropped.

Despite UIGEA which became law in 2006, some gaming companies are still active in the US. It was UIGEA that initially forced PartyGaming out of the American market where 80 percent of their customers were located.

PartyGaming remains upbeat saying that they are already planning to introduce new posts in their Gibraltar office. The company currently employs around 320 in the European online gaming hub.