This was far superior to the us$ 325 million recorded the previous year
Party Gaming announces sharp profits rise in online casino and poker
2008-05-27
Reading time 27 seg
The figure was slightly ahead of the market expectations of us$ 107- us$110 million and net revenues were slightly below predictions at us$ 476 million, however this was still far superior to the us$ 325 million recorded the previous year.
Richard Carter, an analyst for independent investment bank Numis Securities, said: “With Mitch Garber declaring his intention to leave the group in 2009 and with trading only in-line with expectations, we think the shares may fall back a little over the coming days.”
Party Gaming took a massive hit when the UIGEA prevented US players from accessing its facilities, however the firm have recently revealed that it is holding discussions with US authorities regarding the ban.
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