Party Poker earnings announced...

"PartyGaming, the online gambling giant that operates PartyPoker.com, PartyCasino.com and PartyBingo.com, today released its first quarter trading report and the company’s list of key performance indicators.

Some of those key performance indicators are:

Group revenue is up 54 percent to $342.6 million.
Record number of real-money poker sign-up of 263,254, 39 percent of which were from the United States.
PartyCasino.com generated an incremental net revenue of more than $0.2 million per day following its launch in February.
PartyPoker.com averaged a daily revenue of $2.9 million."

Good for them.

ope:

Just not sure how smart it is to announce they signed up over 100,000 Americans....

Is there a stock for this company

I wonder how many of bots they have helping them win 2.9 million a day??

Dubpoet said:

Is there a stock for this company

Click to expand...

Dub i'm aware of a couple other stocks for a couple other poker websites, so i'd guess there is one available, but not entirely sure

although i just searched for stocks on yahoo and none came up, so i could be wrong

It is traded on the london stock exchange....


In case you haven’t noticed, poker is big, and PartyGaming is the biggest name in online poker. The company, which operates the PortyPoker.com Web site, hosts up to 70,000 players at a time; the players are “seated” at one of 8,000 virtual eight-top tables and can play Texas Hold ‘Em and other games for such prizes as redeemable party points, tournament slots, and cash. The company was founded in 1997 by porn chat and Web site entrepreneur Ruth Parasol; PartyGaming is controlled by software developer Anurag Dikshit (more than 40%); Parasol and her husband Russ DeLeon have a large stake, as does marketing director Vikrant Bhargava.



PartyGaming listed on the London Stock Exchange in 2005. Later that year, it announced it would buy out two "skins," or poker Web sites for which it has been providing white-label services. The sites (IntertopsPoker and Multipoker) actually directed their players to PartyGaming's site for poker play. PartyGaming also announced that gambling giant Coral Eurobet (now part of Gala Group) would end its skin arrangement with PartyGaming.

Since the company is forbidden from advertising its gambling poker site in the US (from whence come most of its players), PartyGaming has adopted an unusual strategy; the company advertises its educational, free-play Web sites, where potential players can learn how to play poker while also being exposed to the PartyPoker brand.

PartyGaming targets a mass market; it allows a minimum bet of as little as 25 cents. The company makes its money by deducting a "rake" of 3% or less from the poker pot.

Despite leading the company to a successful year as a public company, Richard Segal announced in 2006 that he would leave his post as CEO by summer; Segal had been commuting between London and Gibraltar, where PartyGaming is headquartered. The company's growth dictated the need for a full-time leader in Gibraltar, but Segal did not wish to relocate.

Sounds like an ad campaign

Wow

http://www.bloomberg.com/apps/quote?ticker=PRTY:LNhttp://quote.bloomberg.com/apps/chart?h=190&w=300&range=1y&type=gp_line&cfg=DQuote.xml&ticks=PRTY:LN

Just heard party Poker on ESPN radio again with a fresh ad


good stuff they can not stop it

DNoonan said:

In case you haven’t noticed, poker is big, and PartyGaming is the biggest name in online poker. The company, which operates the PortyPoker.com Web site, hosts up to 70,000 players at a time;

Click to expand...

That article must be old. I started playing again on their site, and i saw one night that they had 85k people on.

could be....it is just the company description from a business research website called hoovers.com they have all public cos and some private cos so they probably aren't 100% current on all the details