Investors bet on e-casino
PrintPartyGaming reports surge in revenues
Posted in Financial News, 21st October 2005 11:17 GMT
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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. ®
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