PartyGaming News: Proposed Merger of PartyGaming Plc (‘PartyGaming’) and bwin Interactive Entertainment AG (‘bwin’)
Highlights
Creation of the world’s largest listed online gaming business
Market leading positions in all key verticals of online poker, sports betting, casino and games (in particular bingo)
Pro forma 2009 net gaming revenue of €682 million and EBITDA of €196 million, before synergies
Estimated annualised synergies of approximately €55 million
Proposed Merger is expected to be significantly earnings enhancing for both companies pre-amortisation
Enlarged Group to be owned approximately 48.36 per cent. and 51.64 per cent. by PartyGaming and bwin shareholders respectively and will be listed on the London Stock Exchange
Jim Ryan and Norbert Teufelberger to be Co-Chief Executive Officers of the Enlarged Group
Irrevocable undertakings in support of the Proposed Merger have been received from shareholders currently holding 28.5 per cent. and 14.4 per cent. of PartyGaming and bwin’s existing issued share capital respectively
Commenting on the Proposed Merger, Jim Ryan, Chief Executive Officer of PartyGaming said:
"This is a transformational opportunity for both our companies to create the world’s largest listed online gaming business. With market-leading positions in poker, sports betting, casino and games (in particular bingo), the Enlarged Group will have a winning formula to exploit the growing online gaming market, supported by a strong balance sheet, significant cashflow generation and a highly experienced management team."
Commenting on the Proposed Merger, Norbert Teufelberger, Co-Chief Executive Officer of bwin said:
"This merger of equals makes great strategic, operational and financial sense. We will be in pole position to capitalise on the wealth of opportunities that will flow from the continued evolution and expansion of the global online gaming industry."
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Thursday, July 29, 2010
Tuesday, July 27, 2010
Rocky Slot Game Hits PartyGaming - Noble Casino
Rocky Slot Game Hits PartyGaming - Noble Casino
The new Rocky slot game has become Playtech’s most sought after title as online gaming fans flock to box as Rocky Balboa.
The great features of Playtech’s video slot have made the game one of the most popular of all time. Rocky Slots sets the pace for PartyGaming and Playtech, with Pink Panther soon to follow.
Rocky Slots traces the fortunes of the kind hearted south paw Rocky Balboa from the 1976 film starring Sylvester Stallone. The game has fast and well designed features and game play as well as a pounding soundtrack to match...this really gets the excitement and adrenaline flowing! Bonus features include a special Knockout Bonus round where players can pick Rocky’s opponents, watch a ten round boxing match and win big money.
Playtech have upped the ante with Rocky Slots as the game features more advanced graphics, better sound and more sophisticated detail than other similar games. This makes Rocky Slots an absolute knock out to play.
The spinning reels sound like a punch bag to make players feel that they are hearing Rocky train in his favourite Philadelphia gym. Players need to spell out ROCKY on the 5 reels in order to receive an instant 5x total bet payout. And if you manage to achieve this in the free spin rounds you will receive a massive 10x total bet payout!
Perhaps the more impressive feature of the Rocky Slots game from Playtech is the Knockout Bonus Round. This is where players choose from three prize fights to spar against Rocky in a ten round match – including the famous film world champion Apollo Creed. The player watches the stunning fight from a front line seat, featuring real footage from the fight scenes in the film.
During the Knockout Bonus Round players have the chance of winning up to a 30x total bet payout if Rocky manages to knock his opponent out in a fast enough time. Go Rocky!
PartyGaming also offer PartyCasino.com which offers dozens more movie and TV themed slot games, as well as other online casino games that can be played for free or played for money.
PartyGaming was established in 1997 and is listed on the London Stock Exchange.
Websites
Noble Casino
Rocky slot website
Profiles
Rocky
Rambo
Sylvester Stallone
Playtech
PartyCasino.com
PartyGaming
The new Rocky slot game has become Playtech’s most sought after title as online gaming fans flock to box as Rocky Balboa.
The great features of Playtech’s video slot have made the game one of the most popular of all time. Rocky Slots sets the pace for PartyGaming and Playtech, with Pink Panther soon to follow.
Rocky Slots traces the fortunes of the kind hearted south paw Rocky Balboa from the 1976 film starring Sylvester Stallone. The game has fast and well designed features and game play as well as a pounding soundtrack to match...this really gets the excitement and adrenaline flowing! Bonus features include a special Knockout Bonus round where players can pick Rocky’s opponents, watch a ten round boxing match and win big money.
Playtech have upped the ante with Rocky Slots as the game features more advanced graphics, better sound and more sophisticated detail than other similar games. This makes Rocky Slots an absolute knock out to play.
The spinning reels sound like a punch bag to make players feel that they are hearing Rocky train in his favourite Philadelphia gym. Players need to spell out ROCKY on the 5 reels in order to receive an instant 5x total bet payout. And if you manage to achieve this in the free spin rounds you will receive a massive 10x total bet payout!
Perhaps the more impressive feature of the Rocky Slots game from Playtech is the Knockout Bonus Round. This is where players choose from three prize fights to spar against Rocky in a ten round match – including the famous film world champion Apollo Creed. The player watches the stunning fight from a front line seat, featuring real footage from the fight scenes in the film.
During the Knockout Bonus Round players have the chance of winning up to a 30x total bet payout if Rocky manages to knock his opponent out in a fast enough time. Go Rocky!
PartyGaming also offer PartyCasino.com which offers dozens more movie and TV themed slot games, as well as other online casino games that can be played for free or played for money.
PartyGaming was established in 1997 and is listed on the London Stock Exchange.
Websites
Noble Casino
Rocky slot website
Profiles
Rocky
Rambo
Sylvester Stallone
Playtech
PartyCasino.com
PartyGaming
Saturday, July 24, 2010
Palladium Slot Launch Party at PartyCasino
Win a $5,000 weekend for two with the Palladium Slot Launch Party at PartyCasino.com
The launch party is running now through 23:59 ET, July 31st and offers massive payouts – up to $1.8 million per spin – to welcome it in style PartyCasino.com is running a special leaderboard promotion.
You could win a dream weekend holiday worth $5,000 to the destination of your choice when you take part in the Palladium Slot Launch Party.
There are five prize trips, each one including: Luxury hotel stay (up to $1,500), Airfares (up to $2,000) and $1,500 spending money.
So whether you want to shop ‘til you drop in London or New York, soak up the culture in Rome or Barcelona, or simply relax on a beach in the south of France, give the Palladium slot a spin and you could be on the plane to your dream destination.
For your chance to win one of these five amazing packages all you have to is collect as many points as you can when you play the exclusive new Palladium slot game from now through 23:59 ET, July 31st.
Every point you collect while playing the Palladium slot during this period gets you onto the Palladium Slot Launch Party leader board. The 50 players at the end of the promotion will win a prize with the top five players claiming the holiday packages.
The Palladium slot game is exclusively for VIPs and offers massive payouts. This extravagant slot also features more paylines and allows higher betting amounts for high-rollers to enjoy a slot experience like no other.
Website
PartyCasino.com
Profiles
Palladium Slot
Palladium Lounge
PartyCasino.com Slots
PartyCasino.com New Games
PartyCasino.com
PartyGaming
PartyCasino.com and PartyGaming has won numerous awards and commendations including from Media Man, Casino News Media, Global Gaming Directory and eGaming Review.
The launch party is running now through 23:59 ET, July 31st and offers massive payouts – up to $1.8 million per spin – to welcome it in style PartyCasino.com is running a special leaderboard promotion.
You could win a dream weekend holiday worth $5,000 to the destination of your choice when you take part in the Palladium Slot Launch Party.
There are five prize trips, each one including: Luxury hotel stay (up to $1,500), Airfares (up to $2,000) and $1,500 spending money.
So whether you want to shop ‘til you drop in London or New York, soak up the culture in Rome or Barcelona, or simply relax on a beach in the south of France, give the Palladium slot a spin and you could be on the plane to your dream destination.
For your chance to win one of these five amazing packages all you have to is collect as many points as you can when you play the exclusive new Palladium slot game from now through 23:59 ET, July 31st.
Every point you collect while playing the Palladium slot during this period gets you onto the Palladium Slot Launch Party leader board. The 50 players at the end of the promotion will win a prize with the top five players claiming the holiday packages.
The Palladium slot game is exclusively for VIPs and offers massive payouts. This extravagant slot also features more paylines and allows higher betting amounts for high-rollers to enjoy a slot experience like no other.
Website
PartyCasino.com
Profiles
Palladium Slot
Palladium Lounge
PartyCasino.com Slots
PartyCasino.com New Games
PartyCasino.com
PartyGaming
PartyCasino.com and PartyGaming has won numerous awards and commendations including from Media Man, Casino News Media, Global Gaming Directory and eGaming Review.
Monday, July 19, 2010
PartyCasino: The World's Leading Online Casino; A PartyGaming Company
PartyCasino: The World's Leading Online Casino
New Players get up to $500 sign up bonus at PartyCasino.com
PartyGaming also operates casinos, online poker rooms and bingo through various websites, including PartyCasino.com, PartyPoker.com, PartyBingo.com, WPTCasino.com and WPTPoker.com
PartyCasino is the Group’s most popular casino brand by far although other brands include CasinoKing and CasinoLasVegas.com The Group's casinos offer a huge variety of over 150 games including slots, blackjack, roulette, and video poker. As well as these traditional online casino games, the Group also offers virtual horse and virtual dog racing as well as multi-player blackjack.
Except for casino tournaments, all players place bets against the house, and the outcome is determined by randomly generated results. Wager limits vary from $0.01 to $1,000, depending on the game. Casino revenue represents the net win, being the amount wagered less player winnings and any change in liability of progressive prize pools. Bingo revenue represents player buy-in less prize payouts.
In 2007, the Group’s casino product was substantially improved through a series of software upgrades, the addition of a number of new slot machines and the integration of the acquisitions from EOL and IOG. Casino, which includes bingo games, is the Group’s second largest business segment and in 2007 it generated Continuing revenue of $146.7 million (2006: $51.0 million) and Continuing Clean EBITDA of $43.6 million (2006: $15.9 million).
Profiles
Website Network
Sunday, July 18, 2010
PartyCasino News: Palladium Slot, Octopus's Garden, Sumo, Cleopatra and Monopoly
PartyCasino.com News
New Players Get Up To $500 Sign Up Bonus
Profiles
Palladium Slot
Octopus's Garden
Sumo
Cleopatra
Monopoly
Website
PartyCasino.com
New Players Get Up To $500 Sign Up Bonus
Profiles
Palladium Slot
Octopus's Garden
Sumo
Cleopatra
Monopoly
Website
PartyCasino.com
Friday, July 16, 2010
PartyCasino News Website Network Updated
New PartyCasino.com players get up to $500 sign up bonus
Play For Free or Play For Money
Websites
PartyCasino.com official website
PartyCasino.com Marvel Slots official website
Sinatra Slot official website
Global Gaming Directory
Global Gaming Directory.net
Casino News Media
Casino News Media.net
Party Casino News
Party Gaming Media
Media Man
Play For Free or Play For Money
Websites
PartyCasino.com official website
PartyCasino.com Marvel Slots official website
Sinatra Slot official website
Global Gaming Directory
Global Gaming Directory.net
Casino News Media
Casino News Media.net
Party Casino News
Party Gaming Media
Media Man
Monday, July 12, 2010
Saturday, July 10, 2010
PartyCasino News: Caribbean Cash Fever - Win a share of $100,000 and the holiday of a lifetime
Website
PartyCasino.com
Win a share of $100,000 and the holiday of a lifetime
Starts: 00:00 ET, 6th July
Ends: 23:59 ET, 18th July
We’re welcoming the summer with open arms this year by giving away a massive total of $100,000 across two leader boards.
That’s not all. We’ll also be running a prize draw to send one very lucky player to the beautiful island of St. Kitts to soak up some glorious Caribbean sun.
Fixing your name on one of our leader boards couldn’t be easier; simply collect as many points as you can from 6th to 18th July. Points can be collected on any of our slots and jackpot slots.
Our holiday prize draw is open to all of our players. All you have to do to be in with a chance of jet-setting to paradise is earn an entry ticket by collecting 100 points. You’ll get an entry for every 100 points you notch up, so keep earning those points: the more entries you have, the better your chance of winning the luxurious holiday will be!
Prize details
Two return flights from London to St. Kitts
Return airport transfers in St. Kitts
Seven nights at the Marriott Resort and The Royal Beach Casino for two people
Guided volcano crater tour for two with lunch and drinks
Natural pool jeep tour for two with snacks, drinks, and snorkel equipment
Dinner for two at the hotel’s La Cucina restaurant to the value of $150
Fujifilm Finepix waterproof digital camera with 2.7" LCD screen
$1,000 spending money
Insurance for two
Winner management
Let’s make this a summer to remember with Caribbean Cash Fever.
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
Media Man International
Media Man
Media Man Australia
Media Man Asia
Media Man Canada
Media Man Games
Media Man Casino
Media Man Poker
Casino News Media
Casino Travel Media
Global Gaming Directory
Poker News Media
Party Casino News
Party Gaming Media
Australian Sports Entertainment
PartyCasino.com
Win a share of $100,000 and the holiday of a lifetime
Starts: 00:00 ET, 6th July
Ends: 23:59 ET, 18th July
We’re welcoming the summer with open arms this year by giving away a massive total of $100,000 across two leader boards.
That’s not all. We’ll also be running a prize draw to send one very lucky player to the beautiful island of St. Kitts to soak up some glorious Caribbean sun.
Fixing your name on one of our leader boards couldn’t be easier; simply collect as many points as you can from 6th to 18th July. Points can be collected on any of our slots and jackpot slots.
Our holiday prize draw is open to all of our players. All you have to do to be in with a chance of jet-setting to paradise is earn an entry ticket by collecting 100 points. You’ll get an entry for every 100 points you notch up, so keep earning those points: the more entries you have, the better your chance of winning the luxurious holiday will be!
Prize details
Two return flights from London to St. Kitts
Return airport transfers in St. Kitts
Seven nights at the Marriott Resort and The Royal Beach Casino for two people
Guided volcano crater tour for two with lunch and drinks
Natural pool jeep tour for two with snacks, drinks, and snorkel equipment
Dinner for two at the hotel’s La Cucina restaurant to the value of $150
Fujifilm Finepix waterproof digital camera with 2.7" LCD screen
$1,000 spending money
Insurance for two
Winner management
Let’s make this a summer to remember with Caribbean Cash Fever.
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
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Australian Sports Entertainment
Friday, July 9, 2010
PartyGaming Group Awarded Second eCOGRA Affiliate Trust Seal
PartyGaming Group Awarded Second eCOGRA Affiliate Trust Seal
Websites
Noble Casino Casino Las Vegas Casino King Swiss Casino AffClub.com
PartyCasino.com
PartyPoker.com
World Poker Tour
AffClub Affiliate Program passes tough affiliate administration tests
London, 7 July 2010 - Following the approval of PartyPartners.com in January this year, a second affiliate marketing administration program in the PartyGaming group of online gambling companies has successfully passed the on-site inspection and monitoring requirements of player protection and standards body eCOGRA.
AffClub handles affiliate marketer relationships and administration for PartyGaming Plc subsidiary iGlobalMedia Entertainment Limited, which operates the websites acquired from IOG Casinos and the Tradal Group in 2007.
Nine well-established, tier one internet casino brands and one successful online poker room comprise the AffClub business portfolio.
"In keeping with the various other PartyGaming operations that eCOGRA reviews, AffClub operates in a highly professional manner and its focus on meeting the needs of affiliates within given control frameworks provides for a reliable and effective platform for affiliates and regulators alike," reports eCOGRA Compliance Manager Sean Roberts who conducted an extensive inspection and assessment of AffClub’s operations before the eCOGRA Affiliate Trust Seal was approved by the standards body.
Having successfully met the eCOGRA affiliate program standards, AffClub is now entitled to display the eCOGRA Affiliate Trust Seal, which certifies that the company observes best practice operational standards of fairness and efficiency in dealing with affiliate marketers, and is independently reviewed on a regular basis.
eCOGRA chief executive Andrew Beveridge said that among the criteria for accreditation, applicant programs for the seal must show that affiliate revenue is calculated fairly and accurately, that payments are prompt, and that there are appropriate controls in place to accurately link players to affiliates.
"Achieving accreditation such as AffClub has done requires high levels of commitment and sound administrative and business systems," he said.
Notes for editors:
About eCOGRA’s Affiliate Trust Seal:
eCOGRA is an independent, non-profit London-based standards organisation that sets online gambling standards and provides an international framework for best operational and player protection requirements, with particular emphasis on fair and responsible gambling.
Best practice standards relevant to affiliate programs have been established through an extensive international research and consultation program, targeting key areas of affiliate program activity to ensure that:
Affiliate revenue is calculated accurately and deductions are correctly allocated
Payments are completely and accurately processed
Preventative and detective controls are in place to ensure accurate and correct linking of players to affiliates
Program software applications are developed, implemented, maintained and secured in a manner representative of best practice international standards
Affiliate programs must be able to demonstrate that they can recover from a system disaster
About AffClub:
AffClub’s portfolio of brands include:
Casino Swiss
Noble Casino
Casino Las Vegas
Casino King
EnterCasino
ClubDice Casino
MagicBox Casino
Carnival Casino
50Stars Casino
Noble Poker
AffClub is a collaboration of the industry's oldest and most respected marketing businesses. With many years of experience, iGlobalMedia Entertainment has provided affiliates with professional management and extensive assistance, motivating affiliates to achieve excellent results and earnings.
London-listed PartyGaming plc purchased IOG Casinos and Tradal Group in January 2007, creating AffClub as the affiliate program for nine well-established online casino brands and a thriving online poker room.
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
Playtech
Noble Casino
Casino Las Vegas
Swiss Casino
AffClub.com
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
Media Man International
Media Man
Media Man Australia
Media Man Asia
Media Man Canada
Media Man Games
Media Man Casino
Media Man Poker
Casino News Media
Casino Travel Media
Global Gaming Directory
Poker News Media
Party Casino News
Party Gaming Media
Australian Sports Entertainment
Websites
Noble Casino Casino Las Vegas Casino King Swiss Casino AffClub.com
PartyCasino.com
PartyPoker.com
World Poker Tour
AffClub Affiliate Program passes tough affiliate administration tests
London, 7 July 2010 - Following the approval of PartyPartners.com in January this year, a second affiliate marketing administration program in the PartyGaming group of online gambling companies has successfully passed the on-site inspection and monitoring requirements of player protection and standards body eCOGRA.
AffClub handles affiliate marketer relationships and administration for PartyGaming Plc subsidiary iGlobalMedia Entertainment Limited, which operates the websites acquired from IOG Casinos and the Tradal Group in 2007.
Nine well-established, tier one internet casino brands and one successful online poker room comprise the AffClub business portfolio.
"In keeping with the various other PartyGaming operations that eCOGRA reviews, AffClub operates in a highly professional manner and its focus on meeting the needs of affiliates within given control frameworks provides for a reliable and effective platform for affiliates and regulators alike," reports eCOGRA Compliance Manager Sean Roberts who conducted an extensive inspection and assessment of AffClub’s operations before the eCOGRA Affiliate Trust Seal was approved by the standards body.
Having successfully met the eCOGRA affiliate program standards, AffClub is now entitled to display the eCOGRA Affiliate Trust Seal, which certifies that the company observes best practice operational standards of fairness and efficiency in dealing with affiliate marketers, and is independently reviewed on a regular basis.
eCOGRA chief executive Andrew Beveridge said that among the criteria for accreditation, applicant programs for the seal must show that affiliate revenue is calculated fairly and accurately, that payments are prompt, and that there are appropriate controls in place to accurately link players to affiliates.
"Achieving accreditation such as AffClub has done requires high levels of commitment and sound administrative and business systems," he said.
Notes for editors:
About eCOGRA’s Affiliate Trust Seal:
eCOGRA is an independent, non-profit London-based standards organisation that sets online gambling standards and provides an international framework for best operational and player protection requirements, with particular emphasis on fair and responsible gambling.
Best practice standards relevant to affiliate programs have been established through an extensive international research and consultation program, targeting key areas of affiliate program activity to ensure that:
Affiliate revenue is calculated accurately and deductions are correctly allocated
Payments are completely and accurately processed
Preventative and detective controls are in place to ensure accurate and correct linking of players to affiliates
Program software applications are developed, implemented, maintained and secured in a manner representative of best practice international standards
Affiliate programs must be able to demonstrate that they can recover from a system disaster
About AffClub:
AffClub’s portfolio of brands include:
Casino Swiss
Noble Casino
Casino Las Vegas
Casino King
EnterCasino
ClubDice Casino
MagicBox Casino
Carnival Casino
50Stars Casino
Noble Poker
AffClub is a collaboration of the industry's oldest and most respected marketing businesses. With many years of experience, iGlobalMedia Entertainment has provided affiliates with professional management and extensive assistance, motivating affiliates to achieve excellent results and earnings.
London-listed PartyGaming plc purchased IOG Casinos and Tradal Group in January 2007, creating AffClub as the affiliate program for nine well-established online casino brands and a thriving online poker room.
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
Playtech
Noble Casino
Casino Las Vegas
Swiss Casino
AffClub.com
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
Media Man International
Media Man
Media Man Australia
Media Man Asia
Media Man Canada
Media Man Games
Media Man Casino
Media Man Poker
Casino News Media
Casino Travel Media
Global Gaming Directory
Poker News Media
Party Casino News
Party Gaming Media
Australian Sports Entertainment
Thursday, July 8, 2010
PartyGaming Shares Up As 2Q Revenue Rises On Year - 7th July 2010
PartyGaming Shares Up As 2Q Revenue Rises On Year
Websites
PartyCasino.com
PartyPoker.com
World Poker Tour
Shares in PartyGaming PLC rose Tuesday after the U.K.-listed gambling group said it expects a 28% rise in second quarter revenue year on year, boosted by acquisitions and strong growth in its casino business.
The group said it is trading in line with its own expectations. "We are pleased with the relatively robust performance of our business compared to many other consumer facing businesses in what remains a challenging economic environment," Chief Executive Jim Ryan said in a statement.
The group said its board "remains committed to playing an active role in consolidation and is confident about future prospects", while retaining its previous guidance for a margin on earnings before interest, tax, depreciation and amortization of 28% for the full year.
It has previously declined to comment on speculation that the company is in consolidation talks with Vienna-listed online gaming group Bwin Interactive Entertainment AG, one of Europe's largest sports book operators.
Casino revenue is expected to grow 6% quarter-on-quarter, boosted by higher yields and favorable currency effects, but with daily average player numbers down 5% due to seasonal factors.
However, the company said that while revenue in the second quarter, now reported in euros, is expected to be up 28% year on year, it will be approximately 2% down from the previous quarter and that the soccer World Cup has had a worse than expected impact on poker.
Poker revenue is expected to fall between 11% and 13%, with the daily average number of players falling between 8% and 9%. Compared with the prior quarter, casino revenue rose and bingo and sports betting revenue was "steady," the company said.
The company also said it is "encouraged" by the performance to date of its recently-launched poker operations in France.
At 0715 GMT, PartyGaming shares were up 9 pence, or 4.2%, at 230 pence, valuing the company at GBP939 million. Numis Securities analyst Wyn Ellis, with a buy rating, said the trading update was better than expected and the company's commitment to sector consolidation will go down well with investors.
PartyGaming, which derives most of its revenue from online poker and casino games and has a smaller sports book and bingo business, didn't provide revenue figures in its trading statement Tuesday.
In May, PartyGaming posted a 27% rise in first-quarter revenue to $127.1 million from $100.1 million a year earlier, but lower casino revenue and adverse foreign currency movements meant yield per active player fell 8% to $15.1 compared with last year.
In July last year it announced the takeover of Cashcade, the owner of Foxy Bingo, for up to GBP96 million, and in November it acquired WPT Enterprises, owner of the World Poker Tour, for $15.3 million.
Shares in PartyGaming, the world's biggest listed online gaming group by market capitalization, closed at 221 pence Monday, valuing the company at GBP901 million.
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
Media Man International
Media Man
Media Man Australia
Media Man Asia
Media Man Canada
Media Man Games
Media Man Casino
Media Man Poker
Casino News Media
Casino Travel Media
Global Gaming Directory
Poker News Media
Party Casino News
Party Gaming Media
Australian Sports Entertainment
Websites
PartyCasino.com
PartyPoker.com
World Poker Tour
Shares in PartyGaming PLC rose Tuesday after the U.K.-listed gambling group said it expects a 28% rise in second quarter revenue year on year, boosted by acquisitions and strong growth in its casino business.
The group said it is trading in line with its own expectations. "We are pleased with the relatively robust performance of our business compared to many other consumer facing businesses in what remains a challenging economic environment," Chief Executive Jim Ryan said in a statement.
The group said its board "remains committed to playing an active role in consolidation and is confident about future prospects", while retaining its previous guidance for a margin on earnings before interest, tax, depreciation and amortization of 28% for the full year.
It has previously declined to comment on speculation that the company is in consolidation talks with Vienna-listed online gaming group Bwin Interactive Entertainment AG, one of Europe's largest sports book operators.
Casino revenue is expected to grow 6% quarter-on-quarter, boosted by higher yields and favorable currency effects, but with daily average player numbers down 5% due to seasonal factors.
However, the company said that while revenue in the second quarter, now reported in euros, is expected to be up 28% year on year, it will be approximately 2% down from the previous quarter and that the soccer World Cup has had a worse than expected impact on poker.
Poker revenue is expected to fall between 11% and 13%, with the daily average number of players falling between 8% and 9%. Compared with the prior quarter, casino revenue rose and bingo and sports betting revenue was "steady," the company said.
The company also said it is "encouraged" by the performance to date of its recently-launched poker operations in France.
At 0715 GMT, PartyGaming shares were up 9 pence, or 4.2%, at 230 pence, valuing the company at GBP939 million. Numis Securities analyst Wyn Ellis, with a buy rating, said the trading update was better than expected and the company's commitment to sector consolidation will go down well with investors.
PartyGaming, which derives most of its revenue from online poker and casino games and has a smaller sports book and bingo business, didn't provide revenue figures in its trading statement Tuesday.
In May, PartyGaming posted a 27% rise in first-quarter revenue to $127.1 million from $100.1 million a year earlier, but lower casino revenue and adverse foreign currency movements meant yield per active player fell 8% to $15.1 compared with last year.
In July last year it announced the takeover of Cashcade, the owner of Foxy Bingo, for up to GBP96 million, and in November it acquired WPT Enterprises, owner of the World Poker Tour, for $15.3 million.
Shares in PartyGaming, the world's biggest listed online gaming group by market capitalization, closed at 221 pence Monday, valuing the company at GBP901 million.
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
Media Man International
Media Man
Media Man Australia
Media Man Asia
Media Man Canada
Media Man Games
Media Man Casino
Media Man Poker
Casino News Media
Casino Travel Media
Global Gaming Directory
Poker News Media
Party Casino News
Party Gaming Media
Australian Sports Entertainment
Monday, July 5, 2010
PartyCasino News: Caribbean Cash Fever - Win a share of $100,000 and the holiday of a lifetime
Website
PartyCasino.com
Win a share of $100,000 and the holiday of a lifetime
Starts: 00:00 ET, 6th July
Ends: 23:59 ET, 18th July
We’re welcoming the summer with open arms this year by giving away a massive total of $100,000 across two leader boards.
That’s not all. We’ll also be running a prize draw to send one very lucky player to the beautiful island of St. Kitts to soak up some glorious Caribbean sun.
Fixing your name on one of our leader boards couldn’t be easier; simply collect as many points as you can from 6th to 18th July. Points can be collected on any of our slots and jackpot slots.
Our holiday prize draw is open to all of our players. All you have to do to be in with a chance of jet-setting to paradise is earn an entry ticket by collecting 100 points. You’ll get an entry for every 100 points you notch up, so keep earning those points: the more entries you have, the better your chance of winning the luxurious holiday will be!
Prize details
Two return flights from London to St. Kitts
Return airport transfers in St. Kitts
Seven nights at the Marriott Resort and The Royal Beach Casino for two people
Guided volcano crater tour for two with lunch and drinks
Natural pool jeep tour for two with snacks, drinks, and snorkel equipment
Dinner for two at the hotel’s La Cucina restaurant to the value of $150
Fujifilm Finepix waterproof digital camera with 2.7" LCD screen
$1,000 spending money
Insurance for two
Winner management
Let’s make this a summer to remember with Caribbean Cash Fever.
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
Media Man International
Media Man
Media Man Australia
Media Man Asia
Media Man Canada
Media Man Games
Media Man Casino
Media Man Poker
Casino News Media
Casino Travel Media
Global Gaming Directory
Poker News Media
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Australian Sports Entertainment
PartyCasino.com
Win a share of $100,000 and the holiday of a lifetime
Starts: 00:00 ET, 6th July
Ends: 23:59 ET, 18th July
We’re welcoming the summer with open arms this year by giving away a massive total of $100,000 across two leader boards.
That’s not all. We’ll also be running a prize draw to send one very lucky player to the beautiful island of St. Kitts to soak up some glorious Caribbean sun.
Fixing your name on one of our leader boards couldn’t be easier; simply collect as many points as you can from 6th to 18th July. Points can be collected on any of our slots and jackpot slots.
Our holiday prize draw is open to all of our players. All you have to do to be in with a chance of jet-setting to paradise is earn an entry ticket by collecting 100 points. You’ll get an entry for every 100 points you notch up, so keep earning those points: the more entries you have, the better your chance of winning the luxurious holiday will be!
Prize details
Two return flights from London to St. Kitts
Return airport transfers in St. Kitts
Seven nights at the Marriott Resort and The Royal Beach Casino for two people
Guided volcano crater tour for two with lunch and drinks
Natural pool jeep tour for two with snacks, drinks, and snorkel equipment
Dinner for two at the hotel’s La Cucina restaurant to the value of $150
Fujifilm Finepix waterproof digital camera with 2.7" LCD screen
$1,000 spending money
Insurance for two
Winner management
Let’s make this a summer to remember with Caribbean Cash Fever.
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
Media Man International
Media Man
Media Man Australia
Media Man Asia
Media Man Canada
Media Man Games
Media Man Casino
Media Man Poker
Casino News Media
Casino Travel Media
Global Gaming Directory
Poker News Media
Party Casino News
Party Gaming Media
Australian Sports Entertainment
Friday, July 2, 2010
PartyCasino: The World's Leading Online Casino; A PartyGaming Company
PartyCasino: The World's Leading Online Casino
New Players get up to $500 sign up bonus at PartyCasino.com
PartyGaming also operates casinos, online poker rooms and bingo through various websites, including PartyCasino.com, PartyPoker.com, PartyBingo.com, WPTCasino.com and WPTPoker.com
PartyCasino is the Group’s most popular casino brand by far although other brands include CasinoKing and CasinoLasVegas.com The Group's casinos offer a huge variety of over 150 games including slots, blackjack, roulette, and video poker. As well as these traditional online casino games, the Group also offers virtual horse and virtual dog racing as well as multi-player blackjack.
Except for casino tournaments, all players place bets against the house, and the outcome is determined by randomly generated results. Wager limits vary from $0.01 to $1,000, depending on the game. Casino revenue represents the net win, being the amount wagered less player winnings and any change in liability of progressive prize pools. Bingo revenue represents player buy-in less prize payouts.
In 2007, the Group’s casino product was substantially improved through a series of software upgrades, the addition of a number of new slot machines and the integration of the acquisitions from EOL and IOG. Casino, which includes bingo games, is the Group’s second largest business segment and in 2007 it generated Continuing revenue of $146.7 million (2006: $51.0 million) and Continuing Clean EBITDA of $43.6 million (2006: $15.9 million).
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
PartyPoker.com
PartyCasino.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
Media Man International
Media Man
Media Man Australia
Media Man Asia
Media Man Canada
Media Man Games
Media Man Casino
Media Man Poker
Casino News Media
Casino Travel Media
Global Gaming Directory
Poker News Media
Party Casino News
Party Gaming Media
Australian Sports Entertainment
New Players get up to $500 sign up bonus at PartyCasino.com
PartyGaming also operates casinos, online poker rooms and bingo through various websites, including PartyCasino.com, PartyPoker.com, PartyBingo.com, WPTCasino.com and WPTPoker.com
PartyCasino is the Group’s most popular casino brand by far although other brands include CasinoKing and CasinoLasVegas.com The Group's casinos offer a huge variety of over 150 games including slots, blackjack, roulette, and video poker. As well as these traditional online casino games, the Group also offers virtual horse and virtual dog racing as well as multi-player blackjack.
Except for casino tournaments, all players place bets against the house, and the outcome is determined by randomly generated results. Wager limits vary from $0.01 to $1,000, depending on the game. Casino revenue represents the net win, being the amount wagered less player winnings and any change in liability of progressive prize pools. Bingo revenue represents player buy-in less prize payouts.
In 2007, the Group’s casino product was substantially improved through a series of software upgrades, the addition of a number of new slot machines and the integration of the acquisitions from EOL and IOG. Casino, which includes bingo games, is the Group’s second largest business segment and in 2007 it generated Continuing revenue of $146.7 million (2006: $51.0 million) and Continuing Clean EBITDA of $43.6 million (2006: $15.9 million).
PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour
Profiles
PartyPoker.com
PartyCasino.com
World Poker Tour
PartyPoints
PartyBingo.com
PartyGaming
Website Network
Media Man International
Media Man
Media Man Australia
Media Man Asia
Media Man Canada
Media Man Games
Media Man Casino
Media Man Poker
Casino News Media
Casino Travel Media
Global Gaming Directory
Poker News Media
Party Casino News
Party Gaming Media
Australian Sports Entertainment
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