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ONLINE CASINO PERFORMANCE BOOSTS PARTY GAMING RESULTS

 Gibraltar-based online casino gambling group Party Gaming reported its 2008 Quarter 1 results this week, showcasing a stellar performance by the online casino division that contributed significantly to the overall growth in revenues of 21 percent.
 
Group revenue lifted to $128.9 million in the first three months of 2008, up from $106.2 million in 2007 and 6 partypokerpercent higher than the previous quarter, mainly due to a 45 percent year-on-year revenue growth to $43.5 million at casino operations.
 
Poker revenue rose 13 percent to $80.7 million, while sports betting revenue was 4 percent better at $4.7 million, however total average gross daily revenue fell 1 percent in the 4 weeks ended 28 April to $1.75 million. A company statement said this reflects the start of the seasonally quiet period of the year, which has seen slightly weaker poker returns, but a better than expected casino business.
 
"As we enter the seasonally quiet period of the year, the business is performing well and there are a number of exciting developments in prospect," said CEO Mitch Garber. "Over the next few months we will open our licensed Italian business, introduce a number of new branded online slot machines, and launch a completely new product vertical."
 
"We remain confident about the group's prospects for the full year," he added.
 
London analysts did not appear to fully share the optimism.  Arbuthnot analyst Paul Leyland said: "They are down in absolute terms in the beginning of the second quarter, which means that their full-year revenue is going to look like a bit of a struggle." Numis analyst Richard Carter said Party's trading update was "slightly disappointing" overall, but he reiterated his company's "buy" recommendation for the stock.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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