Strong Growth in the Casino Market Thanks to Party Gaming
By Paul
30th April, 2008
A very strong growth in the casino market is held accountable to Party Gaming who saw their casino revenue increase by a massive 21% in the first quarter of this year (45% revenue growth on year-on-year basis).
Their poker revenue also rose but not by quite the same margin. Party Poker revenue was up 13% to $80.7m in the first quarter whilst sportsbetting revenue increased by 4%.
Mitch Garber, boss of Party Gaming, said: "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".
In the upcoming months Party Gaming are set to launch Italian business, introduce a catalogue of new branded online casino slots games and launch a completely new product.
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