Investors bet on e-casino
Print storyPartyGaming reports surge in revenues
Posted in Financial News, 21st October 2005 11:17 GMT
Understand how application security is evolving
Lady luck appears to be smiling on PartyGaming after the online poker and casino operation reported a surge in revenues.
In September shares in PartyGaming nose-dived after the company reported that while the online gaming market and poker "continues to show strong year on year growth, the rate of growth is continuing to moderate".
Today, though, PartyGaming reported "strong current trading with uplift in both poker and casino" as it saw an increase of 209,000 new players.
As a result group revenues for the three months to the end of September were up 32 per cent to $220m compared to $166m last year.
Chief exec Richard Segal said that "there has been a material uplift in performance across all of the group's activities".
At noon shares in PartyGaming were up 8.25p (10.5 per cent) at 86.25p. ®
Can Outsiders Enhance Exchange?
The future of SaaS and IT infrastructure management
Airport insecurity: the case of lost laptops
Reducing messaging and web security costs with managed services
Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter