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Impressive performance from Party Bingo

Date: May 07, 2008 | Category: Online Bingo News |

The success of leading online bingo site PartyBingo has helped drive a 21 per cent growth in revenues for parent company PartyGaming.

The company’s online division was largely responsible for the improved performance, with revenues lifted to $128.9 million in the first three months of 2008.

Online bingo and casino operations contributed $43.5 million to a 45 per cent year-on-year growth in revenue in 2007.

PartyGaming CEO Mitch Garber 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.

"Over the next few months we will open our licensed Italian business, introduce a number of new branded online slot machines, and launch a completely new product vertical.”

He added: “We remain confident about the group's prospects for the full year.”

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