PartyGaming on the Up
It was only 2 months ago, when the title heading said, "PartyGaming on the Rocks" but now it seems like business is on the uo for troubled online operator PartyGaming.
As one of the leading online poker rooms, PartyPoker was hit and hit hard over the UIGEA back in October 2006, So hard that they were forced by stock market rules to pull out of the US market.
This forsed move was devastating for PartyGaming and drastically reduced revenues, But despairing PartyGaming shareholders had some good news today, when PartyGaming released a statement saying that poker revenues have significantly increased since the worst post-UIGEA days, At their lowest, daily poker revenues dropped over 50% to under USD640,000, But in less than two months average daily revenues have already risen by 12% to USD721,000, proving that PartyGaming marketing and new business acquisitions are paying dividends.
Click here for Casinos
Click here for Poker
As one of the leading online poker rooms, PartyPoker was hit and hit hard over the UIGEA back in October 2006, So hard that they were forced by stock market rules to pull out of the US market.
This forsed move was devastating for PartyGaming and drastically reduced revenues, But despairing PartyGaming shareholders had some good news today, when PartyGaming released a statement saying that poker revenues have significantly increased since the worst post-UIGEA days, At their lowest, daily poker revenues dropped over 50% to under USD640,000, But in less than two months average daily revenues have already risen by 12% to USD721,000, proving that PartyGaming marketing and new business acquisitions are paying dividends.
Click here for Casinos
Click here for Poker
posted by Glenn at Monday, December 18, 2006
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