Casino Choice UK News Archive
PartyGaming’s poker revenues on the mend
As a publicly listed company PartyGaming were forced by stock market rules to pull out of the US market, for no Plc is allowed to knowingly break the laws of another country.
The move was devastating, cutting PartyGaming off from the majority of their customer base and drastically reducing revenues. But despairing shareholders had some good news today, when PartyGaming released a statement saying that poker revenues have significantly increased since the worst post-UIGEA days.
At their lowest, daily poker revenues dropped to under $640,000, almost half the pre-UIGEA figure. But in less than two months average daily revenues have already risen by 12 percent to $721,000, proving that Party’s marketing and acquisitions strategy is paying dividends.
The move was devastating, cutting PartyGaming off from the majority of their customer base and drastically reducing revenues. But despairing shareholders had some good news today, when PartyGaming released a statement saying that poker revenues have significantly increased since the worst post-UIGEA days.
At their lowest, daily poker revenues dropped to under $640,000, almost half the pre-UIGEA figure. But in less than two months average daily revenues have already risen by 12 percent to $721,000, proving that Party’s marketing and acquisitions strategy is paying dividends.
Submitted: 2006/12/15 at 10:59:48
