PartyGaming falls as California delays online poker bill

PartyGaming shares have fallen more than 3% after California delayed a bill on legalising online poker. The company had been expected to benefit if the bill was passed, but a meeting of the California senate yesterday failed to agree the move following opposition. Opponents included the Morongo Band of Mission Indians and card clubs, who argued the bill would allow offshore groups to run poker sites. PartyGaming is down 7.7p at 222.4p following the news.