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PartyGaming, the internet gambling firm that's merging with rival bwin, has traded in line with expectations during the fourth quarter, with a stronger casino business offsetting weakness in poker and bingo.
The company said trading since the end of September has been "solid" overall, thanks mainly to casino’s double-digit growth in average daily gross revenue versus the third quarter.
There was also growth at the poker business quarter on quarter, but the usual seasonal pickup has been "less pronounced" due to the euro’s strength against the dollar. Both bingo and sports are down on Q3.
But clean earnings before interest, tax, depreciation and amortisation (EBITDA) margins for 2010 remain in-line with previous guidance of 27-28%.
And the company is excited about the possibility of online gaming being regulated in the US both at the Federal and State level. If it goes through, the group is "well advanced" in talks with licensed companies in the US that could create "substantial" value.
"The proposed merger with bwin remains on-track to complete at the end of the first quarter and should place the combined group in a strong position to take advantage of the changing regulatory landscape in Europe given its leadership positions across all key product verticals," boss Jim Ryan said.
Press Release
PartyGaming Plc ("PartyGaming" and, together with its subsidiaries, the "Group") Pre-Close Trading Update
Revenue overall has been in-line with expectations with a strong performance in casino mitigated by a softer seasonal performance in poker and bingo
Clean EBITDA margins for 2010 expected to be in-line with previous guidance
Prospective regulation in new markets offers exciting medium to long-term revenue potential that may require additional investment
Merger with bwin remains on track
Trading since the end of September 2010 has been solid overall with a particularly strong performance in casino that has enjoyed double-digit growth in average daily gross revenue versus the third quarter, driven by growth in both turnover and hold. Poker has also seen growth in average daily gross revenue over the third quarter, although the usual seasonal pickup has been less pronounced than in previous years due to the strengthening of the euro against the US dollar. In bingo, average gross daily revenue has grown versus the current trading data reported at the time of our Q3 KPIs, but remains lower than the third quarter. This is due to the strengthening of the euro against sterling and seasonality, as UK-based bingo players typically reduce their spend in the run-up to Christmas. While sports betting has continued to deliver a solid performance in the period, the benefit of the World Cup during the third quarter as well as a favourable series of results for punters has meant that average daily gross revenue in sports is down versus the third quarter.
In respect of margins, we expect that full year Clean EBITDA margins for 2010 will remain in-line with our previous guidance of between 27% and 28%.
An increasing number of territories are now actively exploring the merits of a regulatory framework for online gaming. In Europe, the Group is continuing to monitor closely Germany, Greece, Holland, Denmark and Spain as well as other countries. Whilst the shape and scope of any such regulations is not yet known, should some of these markets move to regulate, additional gaming taxes and investment may be required to ensure that the Group’s long-term revenue potential is maximised.
There continues to be much movement in the US towards regulating online gaming both at the Federal and State level. Should the requisite legislation be enacted, the Group is well advanced in discussions with licensed companies in the US that could create substantial value for the Group’s shareholders.
Proposed Merger with bwin
It is expected that the shareholder documents associated with the proposed merger will be issued shortly with an extraordinary general meeting of shareholders expected to be convened for late January 2011. The proposed merger remains on course to complete during March 2011.
Commenting on today’s announcement, Jim Ryan, Chief Executive Officer, said:
"Revenues in the fourth quarter have enjoyed their usual seasonal upturn. Casino has performed particularly strongly with double-digit revenue growth over the third quarter, although currency movements meant that the uplift in poker has been less pronounced than usual. Clean EBITDA margins are expected to be in line with our previous guidance for 2010.
"The proposed merger with bwin remains on-track to complete at the end of the first quarter and should place the combined group in a strong position to take advantage of the changing regulatory landscape in Europe given its leadership positions across all key product verticals."
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Friday, December 17, 2010
Tuesday, December 14, 2010
Casino News Media: PartyCasino Wins Media Man 'Online Casino Of The Month' Award
PartyCasino.com Wins Media Man Online Casino Award
PartyCasino.com has been awarded the Media Man and Casino News Media "Online Casino Of The Month".
PartyGaming's igaming suite has grown a custom to winning awards since they first opened for business in 1997.
The competition for the coveted award was intense again this month with massive bids from both WPTCasino.com, Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently PartyGaming's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of PartyGaming brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $2 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
PartyGaming CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with PartyGaming, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
World Poker Tour Casino
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyGaming
PartyCasino.com has been awarded the Media Man and Casino News Media "Online Casino Of The Month".
PartyGaming's igaming suite has grown a custom to winning awards since they first opened for business in 1997.
The competition for the coveted award was intense again this month with massive bids from both WPTCasino.com, Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently PartyGaming's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of PartyGaming brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $2 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
PartyGaming CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with PartyGaming, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
World Poker Tour Casino
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyGaming
Wednesday, December 8, 2010
Casino News Media: PartyCasino Players Celebrate The Best Game Releases of 2010, by Greg Tingle - 7th December 2010
Website
PartyCasino.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
PartyCasino.com is preparing to celebrating a massive year of awesome game releases with a 'Games of the Year' promotion scheduled to take place from December 16th to the 22nd. Opt-in to the promotion and you will be able to take advantage of a special money back guarantee on 10% of any losses made while playing any of the casino's 'Games of the Year' collection.
Only bets made during the promotional period will count towards a cashback bonus. Players can opt-in at any time during the promotion and regardless of when you register for the event all of your game play from the beginning of the promotion will count towards the cash back amount. Regular players can earn up to $300 cashback and VIP players can earn up to $500. All cash-back bonuses will be awarded as a cash bonus and requires no deposit.
Only bets on the 'Games of the Year' titles will count towards your bonus. The full list of games eligible for this prom is Festive Fortune$, Snow Business, Kung Food, Glamour Puss, Safari Soccer, Circus, Jail Break, Slotblox, Rubik's Cube, Amazon Wild, Alice's Wonderland, Heist, Shaaark Super Bet, Crocodopolis, Unicorn Legend, Chain Reactors, Super Cubes, Cash Drop, Final Score, Midas Millions, Chest of Plenty, Once upon a time, and Melon Madness.
PartyCasino has been providing players with world class online entertainment for more than decade. New players can get a 100% welcome bonus of up to $3,000 to play slots, and PartyGaming has some of the world's best including many exclusives.
PartyCasino has a number of awards and commendations to its name including Media Man and Casino News Media 'Online Casino Of The Month' and EGR 'Slots Operator Of The Year'. PartyGaming was established in 1997 and is listed on the London Stock Exchange.
Festive Fortunes Snow Business Kung Food Jail Break Slotbox Media Man Casino News Media Global Gaming Directory
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PartyCasino.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Shaaark Super Bet Alice's Wonderland Crocodopolis Unicorn Legend Chain Reactors Super Cubes PartyCasino New Games
Heist Glamour Puss Safari Soccer Rubiks Slot Amazon Wild Media Man Casino News Media Global Gaming Directory
PartyCasino.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Circus PartyCasino Marvel Slots The Big One Melon Madness Casino World Poker Tour PartyCasino Promotions
PartyCasino.com is preparing to celebrating a massive year of awesome game releases with a 'Games of the Year' promotion scheduled to take place from December 16th to the 22nd. Opt-in to the promotion and you will be able to take advantage of a special money back guarantee on 10% of any losses made while playing any of the casino's 'Games of the Year' collection.
Only bets made during the promotional period will count towards a cashback bonus. Players can opt-in at any time during the promotion and regardless of when you register for the event all of your game play from the beginning of the promotion will count towards the cash back amount. Regular players can earn up to $300 cashback and VIP players can earn up to $500. All cash-back bonuses will be awarded as a cash bonus and requires no deposit.
Only bets on the 'Games of the Year' titles will count towards your bonus. The full list of games eligible for this prom is Festive Fortune$, Snow Business, Kung Food, Glamour Puss, Safari Soccer, Circus, Jail Break, Slotblox, Rubik's Cube, Amazon Wild, Alice's Wonderland, Heist, Shaaark Super Bet, Crocodopolis, Unicorn Legend, Chain Reactors, Super Cubes, Cash Drop, Final Score, Midas Millions, Chest of Plenty, Once upon a time, and Melon Madness.
PartyCasino has been providing players with world class online entertainment for more than decade. New players can get a 100% welcome bonus of up to $3,000 to play slots, and PartyGaming has some of the world's best including many exclusives.
PartyCasino has a number of awards and commendations to its name including Media Man and Casino News Media 'Online Casino Of The Month' and EGR 'Slots Operator Of The Year'. PartyGaming was established in 1997 and is listed on the London Stock Exchange.
Festive Fortunes Snow Business Kung Food Jail Break Slotbox Media Man Casino News Media Global Gaming Directory
Website
PartyCasino.com
Profiles
PartyGaming PartyCasino PartyPoker PartyBingo Shaaark Super Bet Alice's Wonderland Crocodopolis Unicorn Legend Chain Reactors Super Cubes PartyCasino New Games
Heist Glamour Puss Safari Soccer Rubiks Slot Amazon Wild Media Man Casino News Media Global Gaming Directory
Friday, November 26, 2010
Party Casino News: Win A Dream Holiday And Guaranteed Entry Into WPT Celebrity Invitational; PartyCasino Big One Near $3 Million
Win A Dream Holiday And Guaranteed Entry Into WPT Celebrity Invitational; PartyCasino Big One Near $3 Million
‘The Big One’ at PartyCasino.com is nearing $3,000,000 while the accumulated jackpots on the world’s largest online casino are nearing $4,000,000! ‘The Big One’ is structured as a five tiered pool. The highest tier - Colossal Cash - seeds at $1.5 million, the biggest online jackpot seed in the industry, and currently stands at $2,840,000. Customers can play for ‘The Big One’ through traditional slot Melon Madness and the recently introduced Snow Business. Somebody is going to win very big!
PartyPoker.com recently introduced anonymous heads-up tables. How does that change your game? We asked Kara Scott et all for their views.
Win A Dream Holiday And Guaranteed Entry Into WPT Celebrity Invitational
Gibraltar – 16th November 2010 -- PartyPoker.com is offering customers the opportunity to indulge themselves in the world of the rich and famous by winning a four-day dream holiday to Los Angeles, including a seat in the prestigious WPT Celebrity Invitational at the Commerce.
A PartyPoker.com spokesman said: “Win one of our amazing prize packages and we’ll make sure you live it up in one of the coolest cities on the planet. Last year we took package winners on a tour of Hollywood and Beverley Hills as well as organising a fun-filled day at the world-famous Universal Studios – and this time it could be you experiencing the A-list lifestyle. As well as the sightseeing you’ll also get a seat at the exclusive WPT Celebrity Invitational. This event is packed full of celebrities and big names from poker but we’ve made sure our winners will have their place among the elite for a chance to win a major slice of the $200,000 prize pool.”
"These packages are sure to be popular. We don’t know how many of the 14 packages we’ll give away in each weekly satellite so remember, once they’re gone they’re gone and the promotion will be over."
PartyPoker.com’s Los Angeles packages include:
Four nights’ hotel accommodation
$2,000 spending money
Our world-renowned hospitality throughout your stay in Los Angeles
Guaranteed entry to the WPT Celebrity Invitational
There are a wide range of daily qualifiers that run until the 19th December or until 14 packages are given away. Daily freerolls mean there is the chance to win the trip to LA for free!
The WPT Celebrity Invitational is the curtain raiser for the LA Poker Classic and takes place on the 18th – 19th February 2011 – the event is overseen by WPT Executive Tour Director Matt Savage. The event is strictly invite only. Amongst the celebrities spotted in the field in 2010 were Ricki Lake and Terri Hatcher, with reality star Trishella Cannatella and poker pro Thor Hansen making the final table. Amateur Leron Washington took the $100,000 first prize.
Full information can be found at: PartyPoker.com
Please note that players have to be 21 to take part in the WPT Celebrity Invitational.
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‘The Big One’ at PartyCasino.com is nearing $3,000,000 while the accumulated jackpots on the world’s largest online casino are nearing $4,000,000! ‘The Big One’ is structured as a five tiered pool. The highest tier - Colossal Cash - seeds at $1.5 million, the biggest online jackpot seed in the industry, and currently stands at $2,840,000. Customers can play for ‘The Big One’ through traditional slot Melon Madness and the recently introduced Snow Business. Somebody is going to win very big!
PartyPoker.com recently introduced anonymous heads-up tables. How does that change your game? We asked Kara Scott et all for their views.
Win A Dream Holiday And Guaranteed Entry Into WPT Celebrity Invitational
Gibraltar – 16th November 2010 -- PartyPoker.com is offering customers the opportunity to indulge themselves in the world of the rich and famous by winning a four-day dream holiday to Los Angeles, including a seat in the prestigious WPT Celebrity Invitational at the Commerce.
A PartyPoker.com spokesman said: “Win one of our amazing prize packages and we’ll make sure you live it up in one of the coolest cities on the planet. Last year we took package winners on a tour of Hollywood and Beverley Hills as well as organising a fun-filled day at the world-famous Universal Studios – and this time it could be you experiencing the A-list lifestyle. As well as the sightseeing you’ll also get a seat at the exclusive WPT Celebrity Invitational. This event is packed full of celebrities and big names from poker but we’ve made sure our winners will have their place among the elite for a chance to win a major slice of the $200,000 prize pool.”
"These packages are sure to be popular. We don’t know how many of the 14 packages we’ll give away in each weekly satellite so remember, once they’re gone they’re gone and the promotion will be over."
PartyPoker.com’s Los Angeles packages include:
Four nights’ hotel accommodation
$2,000 spending money
Our world-renowned hospitality throughout your stay in Los Angeles
Guaranteed entry to the WPT Celebrity Invitational
There are a wide range of daily qualifiers that run until the 19th December or until 14 packages are given away. Daily freerolls mean there is the chance to win the trip to LA for free!
The WPT Celebrity Invitational is the curtain raiser for the LA Poker Classic and takes place on the 18th – 19th February 2011 – the event is overseen by WPT Executive Tour Director Matt Savage. The event is strictly invite only. Amongst the celebrities spotted in the field in 2010 were Ricki Lake and Terri Hatcher, with reality star Trishella Cannatella and poker pro Thor Hansen making the final table. Amateur Leron Washington took the $100,000 first prize.
Full information can be found at: PartyPoker.com
Please note that players have to be 21 to take part in the WPT Celebrity Invitational.
Profiles
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Kara Scott
Tony G
Mike Sexton
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Sunday, November 21, 2010
PartyGaming News: PartyCasino Wins Media Man Online Casino Of The Month Award
PartyCasino.com Wins Media Man Online Casino Award
PartyCasino.com has been awarded the Media Man and Casino News Media "Online Casino Of The Month".
PartyGaming's igaming suite has grown a custom to winning awards since they first opened for business in 1997.
The competition for the coveted award was intense again this month with massive bids from both WPTCasino.com, Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently PartyGaming's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of PartyGaming brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $2 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
PartyGaming CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with PartyGaming, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
World Poker Tour Casino
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyGaming
PartyCasino.com has been awarded the Media Man and Casino News Media "Online Casino Of The Month".
PartyGaming's igaming suite has grown a custom to winning awards since they first opened for business in 1997.
The competition for the coveted award was intense again this month with massive bids from both WPTCasino.com, Captain Cooks Casino, Virgin Casino, Betfair, PKR and Noble Casino however there can only be one winner... ladies and gentlemen, that's PartyCasino.com
The award follows PartyPoker's EGR Poker Operator Of The Year and PartyGaming also made the shortlist for EGR Operator Of The Year. Recently PartyGaming's PartyPoker.com also won the Casino News Media "Online Poker Website Of The Month".
The Media Man - Casino News Media accolade is based on a combination of elements including user experience, innovation, trustworthiness, customer service, gameplay, affiliate program offerings, newsworthiness and company values.
PartyCasino.com is one of a number of PartyGaming brands.
The most popular PartyCasino.com games of late include Heist, Circus, Rambo, Palladium Slot, The Godfather, Sinatra, Slotbox, Call Of Duty 4: Modern Warfare, Mission: Impossible, The Terminator, Cleopatra, Sinatra, Thor, The Incredible Hulk, The Amazing Spider-Man, Monopoly, Resident Evil, Melon Madness, Wheel Of Fortune and Mega Fortune Wheel.
The PartyCasino.com jackpot is currently approaching the $2 million mark. Players can also compete for The Big One and Marvel Hero Jackpot, playing the Marvel super hero themed online slot games.
PartyCasino's most recent game releases include Shaaark! SuperBet, Crocodopolis, Alice's Wonderland, Glamour Puss, Super Cubes, Heist, Palladium Slot and Circus Slot.
PartyGaming CEO Jim Ryan has gone on record advising PartyCasino will soon feature more Hollywood blockbuster themed slots. A few in the know journalists and media agents have been recently tipped off that an all time classic movie adaption will be showcased in the PartyCasino portfolio within 1 month. PartyCasino has the world's most impressive line up of Hollywood themed games, and more are just around the corner.
PartyCasino.com and PartyPoker.com customers can also benefit from rewards and bonuses via PartyPoints and the Palladium Lounge. Be certain to check out the PartyCasino exclusive "Cash Machine" that is being championed as one of the greatest online casino promos ever.
Media Man, Casino News Media and Global Gaming Directory do have a b2b relationship with PartyGaming, as they do with dozens of other companies in the gaming, igaming, media and entertainment industry.
Websites
PartyCasino.com
PartyPoker.com
World Poker Tour Casino
Profiles
PartyCasino.com
PartyPoker.com
World Poker Tour
PartyGaming
Tuesday, November 2, 2010
Casino News Media: PartyGaming Quarterly revenue rise
Casino News Media: PartyGaming Quarterly revenue rise
Websites: PartyCasino.com PartyPoker.com WPT Casino WPT Poker PartyBingo.com
Profiles
PartyGaming PartyCasino PartyPoker World Poker Tour Noble Casino PartyBingo PartyBets Gamebookers Live Dealer PartyCasino Marvel Slots
World's leading listed online gaming operator PartyGaming has announced its financial results for the third quarter of 2010 showing a 9 percent year-on-year increase in total revenues to €85.3 million.
The Gibraltar-based firm operates popular online poker domains PartyPoker.com and World Poker Tour. They also own and operate leading online bingo websites Foxy Bingo, Mirror Bingo, Think Bingo and Cheeky Bingo and revealed that revenues from its casino businesses grew two percent year-on-year to reach €34.9 million.
It's premier online casino brand is PartyCasino.com and they also own and operate Noble Casino, Casino Las Vegas, Swiss Casino, and a number of others.
Although revenues from poker decreased five percent when compared to the same period in 2009 to €29.6 million, PartyGaming revealed that bingo improved by 36% year-on-year to hit €13.1 million while sportsbetting grew by a massive 86% for the three-month period to reach €5.4 million.
“Total revenues were up by nine percent year-on-year with growth in all products except poker despite the impact of having closed our French casino business at the end of June,” said Jim Ryan, Chief Executive Officer for PartyGaming.
“Excluding our French casino, total revenues would have been up by 12% year-on-year driven by casino growth in other markets, acquisitions and a strong performance in sportsbetting.
“We have been encouraged by the strong start from our nascent French poker network that went live on July 1. A strong performance by PartyPoker.fr in France has been further boosted by the launch of PMU’s poker business in France as well as services for AB Groupe and Aviation Club De France.
“In respect of current trading since the end of September, we have begun to see the normal seasonal upturn in-line with the board’s expectations and we remain confident about the full-year outlook.”
*New PartyCasino.com players get up to $3000 sign up bonus
*Media Man conducts some b2b activities with PartyGaming brands, as they do with dozens of companies in the entertainment, news and gaming sector.
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Websites: PartyCasino.com PartyPoker.com WPT Casino WPT Poker PartyBingo.com
Profiles
PartyGaming PartyCasino PartyPoker World Poker Tour Noble Casino PartyBingo PartyBets Gamebookers Live Dealer PartyCasino Marvel Slots
World's leading listed online gaming operator PartyGaming has announced its financial results for the third quarter of 2010 showing a 9 percent year-on-year increase in total revenues to €85.3 million.
The Gibraltar-based firm operates popular online poker domains PartyPoker.com and World Poker Tour. They also own and operate leading online bingo websites Foxy Bingo, Mirror Bingo, Think Bingo and Cheeky Bingo and revealed that revenues from its casino businesses grew two percent year-on-year to reach €34.9 million.
It's premier online casino brand is PartyCasino.com and they also own and operate Noble Casino, Casino Las Vegas, Swiss Casino, and a number of others.
Although revenues from poker decreased five percent when compared to the same period in 2009 to €29.6 million, PartyGaming revealed that bingo improved by 36% year-on-year to hit €13.1 million while sportsbetting grew by a massive 86% for the three-month period to reach €5.4 million.
“Total revenues were up by nine percent year-on-year with growth in all products except poker despite the impact of having closed our French casino business at the end of June,” said Jim Ryan, Chief Executive Officer for PartyGaming.
“Excluding our French casino, total revenues would have been up by 12% year-on-year driven by casino growth in other markets, acquisitions and a strong performance in sportsbetting.
“We have been encouraged by the strong start from our nascent French poker network that went live on July 1. A strong performance by PartyPoker.fr in France has been further boosted by the launch of PMU’s poker business in France as well as services for AB Groupe and Aviation Club De France.
“In respect of current trading since the end of September, we have begun to see the normal seasonal upturn in-line with the board’s expectations and we remain confident about the full-year outlook.”
*New PartyCasino.com players get up to $3000 sign up bonus
*Media Man conducts some b2b activities with PartyGaming brands, as they do with dozens of companies in the entertainment, news and gaming sector.
Website Network
Media Man International
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Media Man Australia
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