The recent announcement of the merger between PartyGaming and bwin has shaken the online gambling industry to its core, leaving some of their major competitors desperately looking at how to maintain their market share in an industry that is destined for consolidation.
Financial results have been released this week for bwin, and like PartyGaming the numbers [...]
Tags: Australian gambling, bwin, Financial Results, gaming industry finance reports, partygaming
PartyGaming have announced that they are all set for a launch on the Danish market on 1 January 2011, despite not being able to confirm if this will be in partnership with Dankse Spil, the Danish state backed gambling monopoly.
Jim Ryan, PartyGaming’s CEO responded briskly to analysts requests for updates on the Danish market when [...]
Tags: partygaming
PartyGaming, the publicly listed online gaming company, today released their financial results for the fist 6 months of 2010. Total revenue is up 30% to €181m on the same period as last year, a figure that has surprised many industry analysts.
Total EBITDA is also up to €48.1m, a rise of 15%, but the consolidated numbers, [...]
Tags: Financial Results, partygaming
The recent run of poor financial results experienced by leading online gambling companies has been attributed to the huge popularity of the football World Cup. PartyGaming, one of the biggest online gambling operators, whose markets stretch from the UK to as far as Australia from their European base have seen their poker and casino activity [...]
Tags: Financial Results, gaming industry finance reports, partygaming
Noone would expect profit drenched financial results from any company in the first half of 2009. Losses are expected in a global turndown and the question of how well a company is run no longer focuses on profits, but instead looks at how well a company mitigates its losses and whether it even manages to stay in business at all!
Tags: partygaming
PartyGaming are fulfilling their promises of acquiring yet another company, subsequent to their takeover of Cashcade back in July. PartyGaming are set to buy substantially all of the operating assets of World Poker Tour Enterprises Inc., with exception to the cash, investments and certain excluded assets.
Tags: partygaming, world poker tour
The “big boys” of Europe’s online gaming industry are publishing results for the first half of the financial year. 888 Holdings Plc have just released their figures and so too have Victor Chandler. PartyGaming are releasing their results at 9.30am tomorrow (28th August) and one would have thought that they would be coming out smelling of roses the most, as they seem to have been showing the most growth as a company over the last year, with regards to long-term initiatives.
A little while ago we wrote a news article about Paypal accepting PartyGaming onto its books as an acceptable gaming company on whose behalf it would accept online payments. Paypay have added yet again to this growing, yet still relatively select group of acceptable online gaming companies to work with, by accepting the St Minver unbrella businesses.
Tags: partygaming, paypal
This year is seeing a lot of movement at the top of one of the FTSE’s top UK online gaming companies…
Tags: john o'mailia, matt robinson, partygaming
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