Online gambler makes more money
Print storyEasy does it
Posted in Financial News, 21st July 2006 13:18 GMT
Partygaming, the online poker and casino website, reported better off-season sales this year thanks to customers it picked up in Europe.
The firm said that almost half of the new customers it got in the three months to 30 June 2006 came from outside the US, most of those being in Europe. It said it is going to get "aggressive" about acquiring even more customers in the tail end of the year, particularly in South America.
Twenty-seven per cent of its $319.3m revenue came from outside the US in the quarter. Overall, revenues were up 49 per cent on the same period last year.
People spent 13.9m days playing poker on Partygaming in the quarter, and 2.1m playing casino games.
Mitch Garber, chief executive officer of Partygaming, said he was "delighted".
But the firm's yield per player had declined from $307 to $250 for poker games and from $488 to $223 in casino games. Still, it somehow managed to report a slightly improved consolidated yield per player, from $315 to $318 per active player.
Meanwhile, in other gambling news, Antigua and Barbuda is still pursuing its complaint against US restrictions on online gambling through the World Trade Organisation.®
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