Win for PartyGaming

Published on Thursday 9 July 2009 21:21

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

It 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.

However, poker reported 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 seasons.

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 in PartyGaming closed up 4.5p – or nearly 2 per cent – last night at 245p.