Online Casino Outperforms Expectations.
Full year figures for online poker giant PartyGaming are to eclipse market expectations after it enjoyed strong trading in both its poker and casino operations.
The news follows the announcement on Wednesday that PartyGaming was to be sued by former partner Empire Online for breach of contract.
Chief executive Richard Segal said, ‘Our business has continued to perform well across the board during the fourth quarter with both our poker and casino businesses showing strong growth.’ Mr. Segal added, ‘The increase in revenues following the introduction of blackjack to our PartyPoker.com customers has been substantial and has exceeded our expectations.’
Analysts had been expecting full-year earnings before interest, tax, depreciation and amortisation of about $530 million, but the resurgence in the share price has ensured that this figure could be exceeded.
Source: Online Casino News.