Videos
Last week brought word that the internet gambling giant Party Gaming had seen its Q1 revenues grow 27% year-over-year to $127.1 million. However, average daily revenue slid 2% from the previous quarter due to strong casino performance in Q4 2009 and foreign exchange setbacks. Party Gaming’s online [...]
Poker Stocks
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Party Gaming Revenue Up 27% in Q1 2010
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Ladbrokes to Receive £80 Million Tax Settlement
British-based bookmaker Ladbrokes said Wednesday that it expects to receive a cash payment of approximately £80 million, or $123 million, from U.K. tax authorities. The company reached a settlement with HM Revenue and Customs (HMRC) to cover almost all of the outstanding items in the tax years dati [...]
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PartyGaming to Provide Online Poker to French Media Giant
PartyGaming, operator of PartyPoker, announced Monday that it had entered into a partnership with one of France’s largest television broadcasters. The deal will have PartyGaming provide a white label online poker room for AB Groupe, a company with 15 subscription channels and 52 million paid s [...]
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bwin, Party Gaming May Merge this Summer
In what has been a long-rumored business deal in the poker community, Reuters India is reporting that the prospective merger between online gaming giants bwin and Party Gaming may occur this summer. In a Format magazine article cited by Reuters, unnamed officials involved in the discussions stated, [...]
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Entraction to Provide Software For Online Poker Site Betsson
Last week, the Swedish gaming supplier Entraction signed an agreement with the online poker site Betsson to supply gaming-related software. The deal will allow Betsson to join into the Entraction Network. [...]
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Morgan Stanley Pulls Out of Atlantic City Revel Casino Project
Morgan Stanley has pulled out of the Revel Casino project that started back in 2007. The Revel, which has an estimated price tag of $2 billion, has been plagued since the beginning of construction by the economic downturn and a lack of funding. [...]
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Ladbrokes Names Richard Glynn CEO
British-based gambling company Ladbrokes announced this week that Richard Glynn will be appointed the company's next Chief Executive Officer. Glynn, 45, has served as Chairman of Sporting Index since May 2008. [...]
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Party Gaming Announces Deal With French Betting Operator PMU
Online gaming group Party Gaming, best known for its poker room PartyPoker, announced that it has signed an exclusive multi-year agreement to provide online poker to bookmaker Pari Muteuel Urbain, France's monopoly betting operator. [...]
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PartyGaming PLC Announces 2009 Financial Report
As most companies in the online gaming world continue to roll out their 2009 fiscal reports, many have reflected last year's softer economy in their revenues. On Wednesday, PartyGaming PLC was the latest to announce its 2009 fiscal reports. [...]
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William Hill PLC Announces 2009 Fiscal Report; Online Revenues Drive Company
The gaming corporation William Hill PLC announced its 2009 Fiscal Report late last week; the online gaming sector helped to drive the company through a difficult year. [...]
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bwin Announces Preliminary Fourth Quarter And Financial Year 2009 Reports
Following its acquisition of an Italian online gaming asset, the European gaming giant bwin was able to show a profit in both its fourth quarter gross revenues as well as for the Financial Year 2009. [...]
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Party Gaming Announces Fourth Quarter Financial Results, Names New Executive
On Wednesday Party Gaming PLC, the parent company of PartyPoker, announced the financial results for the fourth quarter of 2009 and preliminary results for the fiscal year 2009. [...]
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PartyGaming Co-Founder Anurag Dikshit Severs Ties With Stock Sale
Ending a relationship that dates back to the beginning of the online poker industry, PartyGaming co-founder Anurag Dikshit has divested himself of any ownership in the company with the sale of his remaining stock on Tuesday. [...]
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Ladbrokes CEO Chris Bell Steps Down
After what is considered in the online gaming world as a long stint as the Chief Executive Officer of an organization, Ladbrokes' Chris Bell has announced that he will leave the company. In a statement from Ladbrokes PLC on Tuesday, Bell announced his resignation from the lead position at the Eur [...]
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GigaMedia Announces Quarterly Reports, Details on Everest Poker Sale
Fresh off the announcement of its partial sale of Everest Poker earlier this month, GigaMedia announced its second and third quarter 2009 financial results. In addition, the company provided insight into the sale. [...]
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Party Gaming 2009 Revenue in Line with Management Expectations
In a trading update released to the London Stock Exchange on Friday, Party Gaming, the parent company of PartyPoker, announced that its revenue was in line with Board expectations, while Clean EBITDA would likely surpass estimates. [...]
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Everest Poker Acquired by Mangas Gaming
While rumors are flying left and right about potential buyouts and mergers in the European online gaming market, news broke that Everest Poker and Mangas Gaming will join forces. Mangas plans to buy out Everest in early 2010 as part of a deal worth in excess of $100 million. [...]
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Bwin Downplays Party Gaming Merger Talks
Party Gaming and Austria-based gambling group Bwin are allegedly involved in merger discussions, according to stories published in The Times and Sunday Times over the weekend. The move would potentially create a £2 billion online poker, casino, and sports betting company. [...]
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Sportingbet PLC Reports Strong Third Quarter 2009 Revenues
In announcing its third quarter numbers for 2009, Sportingbet PLC, the parent company of the online poker room Paradise Poker, joins a small list of gaming companies that have been able to turn a profit despite a tough financial climate. [...]
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Party Gaming Expands in Italy, Introduces Online Poker Changes
It was recently announced that Party Gaming had entered into a three-year agreement with Fueps, one of the leading casual games operators in Italy. This agreement stated that Party Gaming would provide the online poker services for the company. [...]
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World Poker Tour Stockholders Approve Party Gaming Sale
Despite a $36.5 million last-minute bid by mobile entertainment company Mandalay Media, shareholders of World Poker Tour Enterprises (WPTE) approved a $12.3 million purchase by Party Gaming subsidiary Peerless Media on Friday. [...]
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Mandalay Media Bids $36.5 Million for World Poker Tour
It appears that the fight to purchase World Poker Tour Enterprises (WPTE) is not over. In August, a subsidiary of Party Gaming put in a bid to buy the roving tournament series for $12.3 million. Now, Mandalay Entertainment has upped the ante to $35 million. [...]
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Anurag Dikshit’s Sale of Party Gaming Stock Receives Mixed Reaction
One of the major poker headlines this week was the news that Party Gaming Cofounder Anurag Dikshit would divest himself of nearly 114 million shares of the company's stock, which is traded in London under the symbol "PRTY." Now, the industry has had a chance to react. [...]
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Anurag Dikshit Sells Remaining Stake in Party Gaming
According to an article that appeared in eGamingReview (EGR) on Tuesday and filings to the London Stock Exchange, Party Gaming Co-Founder Anurag Dikshit will sell his 28% share in the company for at least ₤188 million. [...]
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Party Gaming Revenue Down 4% in Q3 2009
In figures recently released by Party Gaming, the parent company of PartyPoker, revenues were off 4% in Q3 2009 compared to Q2. Company officials noted that the decrease was "in line with the normal seasonal pattern seen in previous years." [...]
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