Online Casino on Track
The first half of the year is over and Party Gaming has churned out the
company’s first half results – and they couldn’t be more impressive. Party
Gaming has proven that the company has real strength and power to bounce back
after the US setbacks several years ago; now this online casino gambling giant
is reporting astonishing growth for the first half of the year and the rest of
the year is looking right in line with expectations. Add to that the recent
announcement that Bwin and Party Gaming are joining forces in the biggest merger
the gambling industry has seen in years and investors in the Party Gaming brand
could not be more pleased with the gambling group’s performance. Many other
online casinos have performed well in the market this year because of the World
Cup games, but Party Gaming’s results indicate that this company has solidified
all of its divisions within the European market.
The Party Gaming powered online casinos and sports betting operations showed the
most success this year and the success within these divisions are part of the
reason that Total revenue saw such a rise. The sports betting results were in
line with expectations but overall the performance across all of Party Gaming
was far more than the company could have expected. The CEO of Party Gaming was
pleased with the company’s “robust financial performance in the first half” and
is pleased that the online casino gambling group “also made great progress in
executing [its] strategy.”
Performance throughout the rest of the year is expected to continue this strong
revenue growth for the online casino gambling group and profits and business
will only continue to surge as Bwin and Party Gaming begin merging their
interests and creating a powerful international gambling group with strong
assets in nearly every single major market. |