It emerged at the weekend that the planned flotation in London of Gibraltar-based PartyGaming may be put at risk by the United States' punitive anti-gaming laws.
The firm, which operates the world's largest online poker site, has reportedly been warned that analysts at blue-chip US institutions may not back the flotation, over concerns that the US government may pursue the company, which recently admitted that 90% of its revenue comes from US customers.
Under US law, online gambling is illegal. Despite this, sites based in the Caribbean, Gibraltar, and other areas attract large numbers of US punters.
It has been speculated that the analysts' concerns may force PartyGaming to lower its £5.5 billion target price, or pull the float completely.
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