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PartyGaming Posts Good H1 Results

Written by: Nikola Zugic on 31/08/2008 02:00

PartyGaming has shown a reasonable set of financial results for the first half of 2008, although in all honesty, the figures fall some way short of the staggering numbers laid down by 888Holdings Plc. Net revenues for PartyGaming increased by around 17% and a net profit from continuing operations of $26.7m.

The PartyGaming bingo site, branded PartyBingo, is popular enough with some reasonable offers and a good design but it hasn't set the online bingo world alight like the 888Ladies Bingo site belonging to their main rivals. However, bingo has played a part in the results of PartyGaming with Bingo Night Live having been launched and ultimately proven a success.

Considering it was all doom and gloom for any business associated with the bingo industry just a couple of years ago, it shows how well companies that can change are able to perform in the market. The smoking ban was thought to have effectively finished off the UK bingo scene, and while bingo halls continue to close and the popularity of high street bingo continues to dwindle, bingo revenue from other avenues such as the Internet or TV continue to blossom for a lot of companies.

Categorised Under: Bingo News,
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