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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 and demonstrated that the company was affected by the fiscal roller coaster of 2009.

For the year that ended on December 31st, 2009, PartyGaming showed a slight decline in overall net revenues for the year. In 2009, PartyGaming was able to show a net revenue of $446.2 million, a 5.7% decline from $472.9 million in 2008. What was intriguing about the breakdown of revenues is that the online poker room was nearly eclipsed by the online casino operation.

What is considered the linchpin of PartyGaming, the highly popular online poker operation PartyPoker showed a significant decline in net profits for the year. In 2009, PartyPoker drew net revenues of $196.7 million, which is a 28.3% decline from $274 million in 2008. Other gaming options were able to make up for this drop, however.

The online casino arm of the company, PartyCasino saw net revenues of $196.2 million, a 12.1% increase over its 2008 net revenues of $175 million. Two other areas of the PartyGaming operation, PartyBingo and the online sports book, each outpaced 2008 earnings by bringing in $32.8 million (an astounding 555% increase over the $5.9 million earned in 2008) and $19 million (a slight increase of 5% over its $18 million in 2008), respectively.

Two actions by PartyGaming during 2009 had a noticeable effect on the bottom line of the company. In April 2009, PartyGaming resolved its dispute with the U.S. Department of Justice as to its online gaming activities in the United States prior to the enactment of the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006. In that settlement, PartyGaming agreed to pay $105 million over the next 3½ years in semi-annual payments. Over the remainder of 2009, PartyGaming held to the settlement and issued $15 million in payments to the U.S. government.

The second action that influenced the PartyGaming was their acquisition of two components that should have a tremendous influence on the company’s future. In July, PartyGaming was able to acquire Cashcade, a successful online bingo and casino operator, for a reported £95.9 million. This acquisition made an immediate impact on the 2009 fortunes of PartyGaming, as reflected by the year-end results of PartyBingo. The second acquisition, the purchase of the venerable World Poker Tour for $12.3 million at the end of 2009, has not yet had a significant impact on PartyGaming’s bottom line, but the future of the long-running poker tournament series seems secure in the hands of PartyGaming.

Jim Ryan, PartyGaming’s Chief Executive Officer, stated during the announcement, “We delivered a solid performance during 2009, which demonstrated the resilience of our business model that continues to generate strong cash flow, even in the most challenging of circumstances.” As to the businesses that PartyGaming acquired in 2009 and the outlook for 2010, Ryan said, “With some acquisitions and major B2B (business-to-business) deals already under our belt, we plan to do more in 2010 and I believe we are on course to meet our objective of becoming the world’s most valuable online gaming company.” Reuters reports that PartyGaming is still looking for other companies to either acquire or merge with to continue to drive their impact in the online gaming market.

Following the announcement of PartyGaming’s 2009 performance, the company’s stock price rose nicely. Traded on the London Stock Exchange under the prefix “PRTY.L,” thee stock closed at 303 pence on Wednesday. At the open of trading today, PartyGaming’s stock started at 300.5 pence and rose to 310.1 pence by the close of trading on Thursday evening in London.

Ryan is extremely confident about the outlook for PartyGaming in 2010, stating, “While the macroeconomic environment remains uncertain, we remain focused on executing our stated strategy and are confident about the Group’s prospects.”

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