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September 7 - PartyGaming PLC, the company that owns and operates the world's
largest online poker room, PartyPoker.com, has reported a 151 percent increase
in revenues generated outside the United States in the company's interim results
for the six months to 30 June 2006.
The increase is significant given the uncertainty over the online gambling
industry in America, particularly since the CEO of leading online sports book, BetOnSports was arrested in Dallas, Texas last month on charges of fraud and racketeering.
In addition, a Bill was passed by the U.S. House of Representatives that, if
approved, would result in the tightening of laws regarding online betting in America.
This would be a huge blow to the online gambling industry given that the majority
of the world's online gamblers are based in the United States and have traditionally been the core focus area for the major online gambling companies.
PartyGaming saw non-American gambling revenues rise to $149.8 million against an
increase in its group by 51 percent to $661.9 million in the first half, while
its online poker websites generated $502.7 million and online casinos $159.2
million in revenues respectively.
As such, PartyGaming pushed its pre-tax profits for the period up by 47 percent
to $380 million which its has attributed to the large growth of its online
casinos. PartyGaming also reported a 19 percent increase in new-player sign-ups
to 519 532, 42 percent of which were outside the United States.
Visit PartyPoker.com today.
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