PartyGaming Announces 2010 Financial Results

PartyGaming is celebrating strong 2010 financial figures, after its most recent report revealed that the company has grown in all areas aside from poker. In its 2010 financial results report, PartyGaming has revealed that it plans to complete its merger with Bwin by the 31st of March and also proposed that it has completed “the integration of Cashcade and WPT (the World Poker Tour brand)”.

The report suggests that casino revenue was up by 11%, to €151.4 million (£128.8 million), when compared with 2009’s results. According to the report, the majority of PartyGaming’s products, including both bingo and sports betting, increased their revenue, although poker fell by 8% to €124.8 million.

In an interview with eGaming Review, PartyGaming’s chief executive, Jim Ryan, revealed that the company would be in a “strong position” to move into newly regulated jurisdictions.  Speaking specifically about the US, Ryan revealed he’s confident in the gaming market opening up in the future, noting: “The passage of online gambling laws will happen at some point soon”.

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