Online Gambling Press

Online Poker Boom Starting to Subside at PartyGaming?

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The poker droning is commencement to set at PartyGaming, athough it is foreseeing to largely inflict second corrupt poker revenues in exhibit a contrast attending increased gains from online casino and online bingo games. PartyGaming's overall notorious revenues since the consummation of April believe slowed, and in spite of smaller drop-off is to breathe anticipated at this leisure season of the year, the throng declared the modify has been narrow bigger than Read the rest of this entry »

PartyGaming Launches Financial Spread-betting Platform

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The Party Gaming online gambling group is expanding into the financial spread-betting sector with an exclusive partnership with City Index for its new website PartyMarkets.com. The derivatives trading firm will develop and manage prices to provide customers with access to financial markets around the globe in which to trade in contracts for difference (CFDs) and UK residents will be offered the additional option of financial spread betting.

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Playtech Catching up to Partygaming

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Playtech, the world’s biggest publicly traded online gaming software supplier, saw further strong demand for its casino and poker games in the first quarter. Playtech recorded 14.4 per cent growth in revenues over its monthly average in the fourth quarter of 2007, leaving Mor Weizer, chief executive, confident it would meet expectations for 2008.

On Tuesday, the group said average daily royalties in January 2008 showed 11.7 per cent growth Read the rest of this entry »

Playtech Catching up to PartyGaming?

Posted by admin

Playtech, the world’s biggest publicly traded online gaming software supplier, saw further strong demand for its casino and poker games in the first quarter. The company recorded 14.4% growth in revenues over its monthly average in the fourth quarter of 2007, leaving Mor Weizer, chief executive, confident it would meet expectations for 2008. On Tuesday, the group said average daily royalties in January 2008 showed 11.7% growth over the average in the fourth quarter of 2007 and momentum continued in February.

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Partygaming CEO Mitch Garber Quits

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Partygaming said this morning that chief executive Mitch Garber is quitting the world's biggest online poker and casino group just as it has returned to profit. The company said that Mr Garber, a Canadian, will not be renewing his contract beyond May 2009 because he wants to return to North America with his family. Michael Jackson, PartyGaming's chairman, said that he was “saddened” by the news of his departure.

It comes as PartyGaming revealed a $6.7m pre-tax profit in the year to the end of December, compared with a $77.4m loss the year before. The Gibraltar-based operator of the PartyPoker and PartyCasino sites was hit by America's crackdown on internet gambling, and forced to rebuild its business following the introduction of the Unlawful Internet Gambling Enforcement Act in October 2006.

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