International edition
June 25, 2021

Incomes in the third quarter had came to a standstill

PartyGaming affirms that the crisis also affects players

(UK).- Online gaming company PartyGaming affirms that players are reducing their online visits due to the economic crisis, but it expects to comply with its annual forecast.

T

he group, owner of the webpage PartyPoker, said that, despite it is being affected by the recent raise of the value of the dollar, it has been offset this with the strength of its casino, sportsbooks and bingo.

"The situation is difficult in the sector", declared Jim Ryan, CEO of PartyGaming. "The online gaming industry is facing its first economic slowdown,” he added. “We agree with the recent report of an analyst that says that, although the business will be damaged, it will resist”.

PartyGaming affirmed that incomes in the third quarter had become stagnant in us$ 117.7 million and that its daily gross income had fallen a 7% compared to the levels of the third quarter in the six previous weeks to November 11th. However, financial director Martin Weigold said that losses were due to recent strenght of the value of the dollar. "What we want to clarify is that there are less users’ visits and that the income has decreased,” explained Ryan.

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