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May 2, 2008
PartyGaming, the international gaming giant, has posted a stellar 21% growth in revenues with the bulk of the performance coming from its online division which includes its online bingo games offering PartyBingo. The company’s overall revenue lifted to $128.9 million in the first three months of 2008. This was an increase on the $106.2 million Party made in 2007. Party saw an impressive 45% year-on-year growth in revenue showing $43.5 million from contributions from its casino and online bingo operations. "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 PartyGaming 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. PartyGaming is a major player in the online bingo market in the UK where it operates its own UK online bingo hall. The earnings report did not specify contributions from its online bingo services distinct from its overall casino operations. Written by John Witherspoon – Playing bingo online is fun. Relax and play online bingo from the comfort of your home. We’ve collected the best online bingo games for you.
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