Online poker exceeds market expectations

Originally Posted on Saturday Dec 19 9:51:00 GMT 2009

The online gaming company PartyGaming is expected to announce earning results slightly ahead of expectations.

This seems to be in line with online gambling companies worldwide, including New Zealand.

PartyGaming, the largest listed online gaming group, receives most of its revenue from online poker and casino games.  The company also includes a smaller sports book and bingo arm.

Poker has been under pressure as the market has become more competitive.  Many online sites are offering bigger bonuses and encouraging players with better loyalty schemes.

New gambling regulations in France and Italy, expected to be announced next year, will offer better revenue prospects for online gambling companies.

Earlier this year PartyGaming paid $105 million to US authorities in return for a guarantee that they would not be prosecuted for providing online gambling to US customers prior to the US government ban in 2006.

There is rumour of significant mergers between large online gaming companies based in Gibraltar. PartyGaming is one of the companies that operates from Gibraltar.

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