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04 February 2010

PartyGaming revenue up 32% - 3rd February 2010

Online gaming - gambling operator PartyGaming advised Wednesday that its fourth-quarter revenue rose 32% to $132.2 million, assisted by acquisitions in addition to strong performance in its online casino and sports betting arms.

The group said adjusted earnings before interest, taxes, depreciation and amortization and now likely to be slightly ahead of the board's expectations. New player sign-ups in the quarter rose 3% to around 213,000.

"Whilst the regulatory picture in some countries remains uncertain, the momentum towards creating commercially viable and regulated markets is strong," said CEO Jim Ryan. The company separately announced the appointment of Per Widerstroem to a newly created role of chief operating officer.




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