Party Gaming sees imminent years to be successful
December 21, 2009, 11:41 am (8 years ago)
As the week ended, the Gibraltar-based online gambling group Party Gaming plc revealed an encouraging update, indicating that trading since the end of September 2009 has been firm. According to the update unveiled, whilst income is anticipated to be corresponding to the Board’s anticipations, Clean EBITDA for the year to 31 December 2009 is anticipated to be just a bit ahead of the Board’s anticipations.
Even though the schedules and information of latest regulations to be issued in Italy and France in 2010 have yet to be specified, the company thinks these markets indicate considerable potential profit opportunities for the group in long term, and Management comments that it is getting ready to benefit from these opportunities through the start up of B2B services with powerful local brands and through existing brands.
CEO Jim Ryan commented that as shown at the time of their 3rd quarter important performance indicators, their business has been carrying out an excellent operation across the board throughout the 4th quarter with a return to net income increase across all 4 of their key product verticals.