Party Gaming experienced a fall
 March 4, 2007, 2:16 pm (1 year ago)Major online gaming operator, PartyGaming has experienced a fall of 5.7 % in its principal annual profit.
For the year 2006, Party Gaming has earned a total of $550.7 million before interest, tax, depreciation and amortization (EBITDA) share option charges, and exceptional items. But, it is a smaller amount than the analysts’ prediction.
The company earned 75% of its profit from the US market. Though, it was forced out of the US market, last October, the group has compensated its losses by concentrating on its European markets, the Middle East and Africa. The company has increased its operations by 158% with its underlying EBITDA Mitch Garber, Chief executive of the company said, “Whilst the decision to stop accepting customers from the US was a bitter blow for our business, our continuing operations have grown strongly from the lows reached in November 2006, benefiting from the rapid reorganization of our business and the acceleration of our efforts in international territories”.
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