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PartyGaming Soars After UIGEA Repeal Rumors
 22 Feb 07
Rumor had it that the Democrat chairman of the House Financial Services Committee Barney Frank was considering repealing the UIGEA, which caused a stir in the markets as witnessed when Party shares rose to 45¼p from 41½p.

Unfortunately spokespeople from the Frank camp are shooting down rumors.

"As you know, [Frank] is opposed to restrictions on online gambling," Steve Adamske told a Casino City reporter.

"But there is nothing currently underway to repeal the restrictions on Internet gambling in the United States."

"There are a lot of reports coming out of Europe and I have no idea where they are coming from. There hasn't been anyone on our staff talking about that, including the Chairman."

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