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Interviewed by reporters and analysts during the release of Party Gaming's half year results this week, CEO Jim Ryan made some interesting comments about the direction in which his company is headed - the French online poker market and more acquisitions.
Ryan revealed that Party Poker will be active in France shortly after the mamrket is liberated in 2010, and it will be achieved through a business to business (B2B) strategy in order to quickly build up a head of steam. Entering the French market was a logical progression from the company's recent achievements in the Italian market, Ryan commented. PartyPoker
“We have launched our brand in Italy and that of our partner Intralot. We will also be looking to launch in France with a business-to-business partner to achieve scale quickly,” he said. There was no further detail available on who the partner might be, although it was confirmed that talks with potential partners had been ongoing.
Ryan also highlighted an intention to make further acquisitions as the industry consolidates. Party Gaming recently acquired bingo operator Cashcade for GBP71.9 million, and Ryan said there would be more to come as a reportedly $40 million war chest was deployed to acquire new assets in online casinos, poker, bingo, and sports betting markets. It seems likely that a major sportsbvetting company may be the next target, but Ryan would not be drawn further on the question.
He said that the company strategy was to become the industry leader in all Internet gambling verticals; this has been achieved, he felt, in online poker, casino and bingo and sportsbetting was a strong possibility.'s Glolbalcom, which powers recent addition Cashcade, could see a less promising future at least as far as the Spanish, Scandinavian and Italian bingo offerings are concerned; Party Gaming will be looking to grow its own influence directly or through B2B deals: “...we can fund and grow our own brands or carry out B2B deals,” Ryan said.
With its pre-UIGEA slate cleaned in a recent deal with U.S. authorities, Party Gaming was also closely monitoring the American sector for new developments that it could exploit in a commercial sense.
In the results, Party reported that despite a 6.5 percent slide in operating profits (see previous InfoPowa report) casino daily revenues were up 17 percent in recent months. Sixty new games had been launched and a significant marketing drive had been successfully achieved.
Online poker fared less well, with revenues declining 29 percent to GBP15.8 million. Bingo revenues declined 32 percent to GBP1 million after the loss of a contract with ITV resulted in a sharp reduction in player sign-ups, most of which had been generated through the channel's Bingo Night Live show. 
"Casino [operations] has been our star performer and continues to go from strength-to-strength, consolidating our position as the world's leading online casino," commented Ryan in his report.
H1 2009 online casino earnings rose 34.8 percent from to GBP22.2 million with average daily revenues increasing 17 percent between the second and first quarters of the year.
PartyGaming’s shares have nearly tripled since November, boosted by a settlement with US prosecutors. 

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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