Online gaming operator announces significant revenue increase from non US facing business
Thursday 7th September 2006
PartyGaming, the operator of the world's biggest poker website, has delivered a strong message to the online gaming world as it warns that industry uncertainty following the BetOnSports crisis could linger for years to come.
However the message doesn’t seem to imply too much cause for concern as PartyGaming announced increased revenues in markets outside of the United States by 151 percent, which will be welcome news to operators feverishly exploring emerging markets after turning their backs on the US.
PartyGaming’s non US revenues rose to $149.8 million against a group revenues increase in the first half of 51 percent to $661.9 million. The poker sites generated revenues of $502.7 million, while the recently launched casinos brought in $159.2 million.
The number of customers being signed to its sites rose by 19 percent to 519,532, with 42 per cent of sign-ups in the second quarter being from non US markets.
A PartyGaming statement read, 'The board believes that a proper regulatory framework, like that being developed in the UK, is the most sensible way forward but also that the regulatory position in a number of countries is likely to remain unclear for many months and possibly years to come.'
The company’s pre-tax profits during the six months to the end of June increased by 47 percent to $380 million thanks to strong growth in its internet casinos.
PartyGaming, the operator of the world's biggest poker website, has delivered a strong message to the online gaming world as it warns that industry uncertainty following the BetOnSports crisis could linger for years to come.