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DATE: May 24 2012
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Poker.co.uk - Poker News Archive

Wednesday 11th March 2009

PartyGaming Sees Revenues Soar

PartyGaming saw the benefits of casino revenues last year as they reported a sharp profit despite a declining customer base for PartyPoker.com. Profit before tax on operations hit $82.4m and net revenue before non-recurring adjustments rose $476m. Casino revenues climbed $21.8m to $176m but poker sales took a sharp dive, falling nearly the same amount from $295m to $274m. The firm confirmed it had signed up more online casino players. However they said that they faced stiff competition in poker, especially from the US where it is semi-banned. When the UIGEA was announced in 2006 PartyGaming’s stock fell 60%.

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Source: OnlineCasinoNews

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