Partygaming satisfying fourth quarter result
February 3, 2010, 12:59 pm (7 years ago)
Online gaming group PartyGaming PLC Wednesday stated that 4th quarter sales went up by 32 percent to $132.2 million, assisted by acquisitions, and it stays positive about 2010 with January trading on the right track with the company's anticipation.
The big jump in the increase in sales was possible partly because of the acquisition of bingo and casino operator Cashcade Ltd and World Poker Tour last year. Besides these acquisitions, sales went up by 12 percent twelve-monthly as its online casino games achieved well and its sports betting businesses were increased by favorable sports outcomes.
The group also repeated its December statement that it anticipate 'clean' 2009 full-year profits before interest, tax, depreciation and amortization, or Ebitda, to be a little ahead of the company's anticipations.