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Specific Results for Online Casinos Company

Party Gaming has announced its full year-end results for 2007 – the first full year that the company had no revenue from U.S. online casinos gamblers. And as expected, the company’s annual profit decreased drastically – dropping 68 percent from 2006’s year-end profit results. While that figure is enough to have shareholders jumping ship, the online casinos company is actually on the mend, and does anticipate turning reaching similarly high profit numbers (compared to 2006) in the coming years – once the company carves out a significant share of the existing European and emerging Asian online casinos gambling market.

Over the past year the Party Gaming online casinos gambling company has developed several new products in diverse areas – sportsbetting, games development, and beyond. Diversification of the brand is a key element to the company’s strategy moving forward. For the most part, all of the company’s current operations turned a profit – the only reason the year-end profit drop is so significant is because of the discontinued U.S. online casinos sites and business.

PartyCasino games’s EBITDA was as positive as anticipated and the year-end report indicated that those figures nearly tripled, coming in at $43.6 million. Then with new games in development and other areas generating revenue, the company anticipates that 2008 will continue to show a steady increase in profit and net income.

As for why the company lost 68 percent of gaming profits, that percentage is directly proportional to the loss of the U.S. online casinos gambling market. Once Party Gaming was forced out of the U.S. market, the company’s share price plummeted – the company lost 75 percent of share value merely from its U.S. withdrawal. Though the year-end report indicates that share prices continued to drop that will certainly change once Party Gaming is really able to show long-term sustainability in the international online casinos gambling industry.