BUSINESS

Party Gaming’s business is booming

TAGs: Business, Party Gaming

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Party Poker is doing alright over seas…well, except in poker

Party Gaming, or as they’re known in the U.S. “Hey, remember Party Gaming?,” has been kicking ass in the European market, recently announcing a 9 percent rise in revenues for the third quarter of 2010.
The growth coincides with the online gambling provider’s recent merger with Austrian gaming company bwin Interactive, which is due to be completed in March and will grant the new amalgamated company into a veritable Wal-Mart for the iGaming business, holding online poker, casino and sports betting offerings all in one place.
Ironically the one end of their business best known in the states, the brand’s Party Poker virtual card room, is faring the weakest of its offerings, with revenue down 5 percent thanks to the growing influence of larger poker rooms like PokerStars and Full Tilt.

Despite these setbacks, Party Gaming is doing just fine in the casino, bingo and sports betting sectors, particularly Bingo which shot up a remarkable 36 percent over the second quarter showings. In total, these sections earned the company a reported €85.3 million, according to OnlineCasinoReports.com.

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