Online gambling company PartyGaming goes from strength to strength
The online gambling giants PartyGaming has said that its online casino venture is growing, as it has been getting an average of 17% rise in their daily revenues. The owner of the group, who also owns FoxyBingo, said that the major development in the online casino side of the company which included the launch of over 60 online games and a brand new marketing push helped deliver the exceptional performance for the first quarter for the division.
The earnings of the online casino rose over 34% $36 million(£22.2 million) during the first half of the year to the end of June, which equates to daily revenues increasing by an average of 17% between the first and second quarters of the year. But its not all smiles in the Party camp as this would only offset the lower earnings from the poker branch of PartyGaming, due to stronger competition PartyPoker took 29% less than the previous year.
The overall earnings report by the group to $60.7 million compared to a year earlier which they took $64.9 million. CEO, Jim Ryanstated that “Casino has been our star performer and continues to go from strength-to-strength, consolidating our position as the world's leading online casino.”