PartyGaming boosted by casino arm Media Man Australia

PartyGaming boosted by casino arm - 9th July 2009

Online gaming firm PartyGaming has reported a significant rise in casino revenues, despite a fall in activity from players due to the warmer weather.

PartyGaming said the growth reflected a substantial increase in the number of games offered at its main casino site, PartyCasino.

Across the group, PartyGaming described trading in its second quarter as robust after revenues matched the previous three months.

Poker saw a marginal reduction in active player days due to seasonality and strong competition from US-facing sites.

And sports betting revenues were down on the previous quarter following the end of the European football season.

Chief executive Jim Ryan said PartyCasino continued to go from "strength to strength" with double digit percentage growth in revenues, despite tough economic conditions.

He added: "The group's strategy remains on-track and I am pleased that many of the seeds we have sown over the past year are now beginning to bear fruit."

Shares rose more than 2% following Thursday's update.

Profiles

News