Looks like we missed the boat on this stock play.
Party Gaming is down 62% at this moment based on that decision by the board. I am not sure how the London Stock Exchange tracks insider trading, but it wouldn't surprise me a bit to see that the board members "insiders" were selling Party HEAVILY over the last month and week... before making this decision, that shafts the remaining share holders.
I'll see what I can dig up on details of this, but it wouldn't be surprising in the least.