The group said profit from operating activities rose 4% to us$ 81.1 million
British PartyGaming reports us$ 26.5 million loss for 2009
(UK).- Online poker and casino operator PartyGaming said last week that it swung to a net loss of us$ 26.5 million in 2009, from a profit of us$ 66.9 million a year earlier, as total revenue declined 6% to us$ 446.2 million.
2010-03-08
Reading time 18 seg
The loss was driven by us$ 101 million of provisions associated with a non-prosecution agreement with US authorities.
The group said profit from operating activities rose 4% to us$ 81.1 million. The drop in revenue was due to a decline in its poker business, which was partly offset by stronger revenue from casino games and bingo.
PartyGaming said its performance in the first two months of 2010 have continued to be in line with the board's expectations.
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