Party Poker Release Latest Results

28th October, 2010

One of the best uk casinos and online poker rooms has released it's latest round of results for the current financial year - and once again it is the poker room that is struggling.

Gibraltar-based gaming giant Party Gaming plc saw a rise of just under 10% for the period - and added that things were looking up for 2010 as a whole.

This comment was despite a 5% fall in poker revenues, thanks largely to the increased competition and especially that of Poker Stars and Full Tilt Poker who are both spending huge numbers in Europe presently.

Weighing in with a 2% rise over the period was their online casinos business, with an impressive 35% rise coming from their online bingo product.

The CEO of Party Gaming, Jim Ryan said of the latest results...

'Total revenue was up by 9 percent year-on-year with growth in all products except poker, despite the impact of having closed our French casino business at the end of June 2010.

'I am also pleased to report that the proposed merger with bwin remains on track to complete at the end of Quarter 1 2011, subject to regulatory and shareholder approvals.

The merger of Party Gaming and Bwin will see the creation of Europe's biggest online gaming firm.