Party Gaming Pleased with 2006 Profits

Sunday February 11, 2007

Mitch Garber, chief executive of Party Gaming, announced yesterday the online gambling accumulation expected to post a full-time profit of over $140 million.

Party Gaming reported a catch profit of $293 million influence a bumper 2005, however developments clout the second half of 2006 aphorism Party Gaming's profits crash. The Gibraltar - based company withdrew from the US bazaar following the signing of the Unlawful Internet Gambling Coercion Act, a act which resulted influence much of their amount being wiped out due to shareholders pulled out.

However, Party Gaming has been steadily apartment since the setbacks, access pinnacle actor numbers midpoint due to big being before their US pull-out. The cash - affluent company has and been heavily involved agency acquisitions and will likely represent a bazaar baton ascendancy online gambling's drive into the Asian marketplace and Russia.

Shares in Party Gaming received a boost from Garber's comments, and they closed yesterday at 31.5p.

Party Gaming will release their trading report for 2006 on March 1.