Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

2007 In Line with Predictions

Although 2007 was a rough year for many companies in the online casinos gambling industry that were forced out of the U.S. market. Party Gaming was one of the handful of popular Web gambling sites that faced no long-term action and fines from the U.S. government – that has enabled the company to turn a profit this year that is actually slightly ahead of predictions. Party Gaming is a top online casinos gambling choice for many players and is constantly expanding into new markets as a way to strengthen the company’s viability and stability without the U.S. player base.

A strong fourth quarter is primarily responsible for such a positive year end report for the online casino. Not only is Party Gaming ahead of expectations for performance in 2007, but the company has shown a significantly higher revenue for 2007 than the previous year. Pre-tax revenue for the company is nearly $450 million according to initial calculations. The online casinos company has not released the official report at this point but the CEO at Party Gaming, Mitch Garber, is confident that the company will certainly come in ahead of industry predictions.

Garber announced that Party Gaming returned high revenue for the past year, and primarily attributed the increase as a part of a restructuring specifically within the online casinos customer loyalty program. Although there were parts of the program that actually showed a decrease, the overall effect of the new customer loyalty was a rise in poker revenue and a slight decrease in net revenue at the online gambling company. But before anyone can question the new program, Garber assures that the drop in net revenue was anticipated and will be offset in other areas of the casino that will slowly show an increase over the coming years.