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Online Casino, Party Gaming,
Enjoys
Rising Revenues
Online casino, PartyGaming, seems to have
succeeded and proved to the skeptics that their potentially risky move of
removing their multi-portal platform and simply integrate all of their players
into one large single operated platform was a good idea after all. the
successful online casino boosted it annual revenues by 32%, bring up their
profit to a whopping $222 million.
Just since the third quarter ended at the end of
September the online casino has raised its poker revenues by ten percent also.
This is in keeping with the industry trend of online casinos experiencing the
bursting popularity of poker in the main-stream public. This is also
apparent in the online casinos 53% growth of active player days through out the
year, to an attractive 12.2 million mark. Such growing loyalty among customer is
exactly what allows online casino analysts to continue to give a favorable
forecast for PartyGaming's financial future.
the online casino went public in in the late
spring and started out with a solid 116 a share, which impressed everyone in
June as it catapulted to 176 a share. But the high was a bit to much for the
online casino to hold on to and by the start of Fall their shares also fell by
33%. PartyGaming is still tying to recover as far as their stock is concerned,
but they still have the support of their faithful online casino customer who
made the switch to their single entry format.
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