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PartyGaming bets on bumper year

Waves blackjack at punters

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PartyGaming said today that full year results will likely be ahead of expectations after punters flocked to its newly launched virtual blackjack tables.

In a trading update for the two months to 30 November, the online gambling firm said “the increase in revenues following the [October] introduction of blackjack to our PartyPoker.com customers has been substantial and has exceeded our expectations.”

It said its number of unique active players jumped from 443,000 in September to 487,000 in November, while average daily gross poker revenues during the period were $2.67m, 14 per cent up on the third quarter and 32 per cent up on the year. Blackjack accounts for between $800,000 and $1.2m a day.

As a result, PartyGaming expects both full year revenue and EBITDA before share options and IPO costs to be ahead of market consensus expectations.®

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