Although we are coming into the slower part of the year when most people slow down their spending, PartyGaming is reporting that their online casinos are doing remarkably well, noting revenue increases. This growth is being attributed to the higher number of games at the fingertips of the players on their main site Party Casino. In fact, all of the games that this firm offers have shown an increase in revenue, aside from poker, which historically slows down with the change of season and has overwhelming competition from United States based competitors. Sports revenues have slipped slightly as well due to the end of the European football season. According to sources, PartyGaming is not the only firm seeing sports revenue decline; it is a trend that shows across the board.
PartyGaming CEO is reported as saying that despite the economic issues that many around the world are facing, their firm is consistently seeing revenue increases in the double digits. He went on to say that he is very pleased that the seeds they planted years ago are finally starting to grow and bear fruit. The firm is also enjoying a share increase of over two percent in the recent months reinforcing the validity of what the Chief Executive Officer says.
