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PartyGaming income going up
March 12, 2009, 3:22 am (2 years ago)In spite of decreasing number of players in PartyPoker.com, PartyGaming’s profit boosted dramatically last year.
Income previous to tax on operations reached $82.4m and net revenue previous to non-recurring adjustments went up by $476m. Casino income boosted $21.8m to $176m but poker sales took a sharp dive, going down almost the same amount from $295m to $274m.
The firm verified it had registered more online casino players. But they stated that they confronted hard competition in poker, particularly from the US where it is half-banned. When the UIGEA was issued in 2006 PartyGaming’s stock dropped 60%.
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