Top US Online Casinos
1. Jumba Bet Casino - $25 No-Deposit Bonus Plus a $1,200 Welcome Welcome package.
2. Bovada - Best bitcoin casino and massive welcome bonus worth 100% up to $3,000 Free.
3. Lucky Creek - 66 Free Spins Plus 166% up to $266 Free.

Party Gaming Reports Impressive Revenue Growth for 2009

8 February 2010 by Devon Chappell
Impressive Revenue at Party Gaming

Impressive Revenue at Party Gaming

It shouldn’t be a surprise that Party Gaming’s 2009 End of Year report shows a massive 32% increase in sales revenue. Being one of the more popular names and brands in the online gambling industry, not to mention the fact that online gambling hasn’t really taken that much of a loss in spite of the 2009 recession, or rather, economic crisis, I personally would not have been surprised if Party Gaming reported even higher earnings. Such is the life of big online gambling giants, no matter if they’re in the U.S. market or not.

Party Gaming’s third quarter’s revenue topped in at $100.4 Million, while the last quarter alone saw a 32% increase, topping $132 Million. Much of the increase in revenue is being attributed to a new online bingo and online casino operator in the Party Gaming network, while the vast majority of the revenue itself has been generated by Party Gaming affiliates (no surprise there).

With the addition Cashcade Limited and implementation of what Party Gaming likes to call “effective promotions” (meaning larger bonuses) and better loyalty rewards (all thanks in lieu to increased competition), Party Gaming was able to recapture the #1 spot in the world for poker liquidity (non U.S. facing) and increased player retention levels. This was a risky move, to say the least, but ended up paying off huge, resulting in 7% more active player days from Q3 and 24% more activity than the previous year.

2010 is already looking promising for Party Gaming with the integration of Cashcade and the World Poker Tour right on schedule. Party Gaming execs also remain hopeful that the introduction of online casino games, poker and bingo in the Italian market during the first half of 2010, online gambling liberalization in France (slated for the second half of 2010) and Denmark (2011) will bring another surge in revenue to Party Gaming throughout the next couple of years.

On another note, Party Gaming has appointed former Chief Executive Officer and Director of Mangas Gaming Malta Limited, Per Widerstrom, as Chief Operating Officer. With a wealth of experience in the online sports betting sector, perhaps that is a direction that Party Gaming is hoping to ramp up even more in 2010?

Tags: , , , ,

Comments are closed.