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DATE: May 26 2012
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Poker.co.uk - Poker News Archive

Wednesday 19th April 2006

PartyGaming Records Growth in Revenue and Player Numbers

What was initially seen as a stock market gamble can no longer be considered as such. Party Gaming, the parent company of Party Poker, has just recorded some of the most staggering figures for any online gaming company, or any publicly listed company for that matter.

The site has announced that revenues are up 54% for the first quarter of 2006, with over a quarter of a million new players taking up the challenge since the New Year. This is largely thanks to Party being one of the top online brands and also a place that seasoned hands can go to try and pick up some easy winnings from new players.

In the last quarter of 2005, the average spend per player was $17.90. This rose substantially at the start of 2006 to $18.50. Thanks to this growth, City analysts are already predicting higher annual earnings and adjusting their expectations accordingly. In London, experts were suggesting that the original figure of �403 million should be closer to the �427 million mark. It looks like a few people at Party will be getting their Christmas bonuses very early this year.

Source: OnlineCasinoNews

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