Despite a September re-launch of PartyPoker, bwin.party shares have been dropping. The company’s stocks dropped 3.4 percent in London after broker Morgan Stanley announced that their PartyPoker website has shown no significant traffic growth.
According to industry data, the company lost market share over the past four months.
“The company does not have a steady base of high-quality income from any product or region,” said Morgan Stanley.
The online poker service was re-launched with new software in September and initially PartyPoker traffic improved, but that growth eventually slowed. The report did not mention PartyPoker’s launch in the U.S. in late November when New Jersey went live with online gambling.