PartyGaming announces steady revenues

The recession has not been bad news for everyone as PartyGaming has just reported a large rise in its casino revenues. These matched results from the first quarter and come despite a fall in demand for its services due to the seasonal lull. As a result, the company’s shares rose by 2%.

The main growth area for the company was at PartyCasino, although sports betting was down due mainly to the break in the European football season.

The results led Jim Ryan, the chief executive, to describe the company as going from “strength to strength”. The good results come on the back of the marketing campaign the company launched last month. This has targeted the US and has led to a higher number of players there. This factor has also been combined with the launch of a selection of new games.

Now the company is eyeing the bingo sector, which could see its revenues jump even further. And with the European football season kicking off soon that could also help to drive up profits.

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