US Government watches PartyPoker closely

PartyGaming PLC, one of the biggest internet poker companies and home of PartyPoker.com is going public by the end of this month. However, the United States Justice Department has announced that this move is subject to prosecution under US law.

Party Poker and its activities are seen as illegal by a lot of Americans and the United States Goverment, but the firm says that online poker sites are excluded from the gambling legislation.

The whole deal is estimated to go up to $8 billion, but the finalized share price is expected to be announced on June 27. The company estimates the share price to be between 111 and 127 pence per share.