gaming announces agreement with bwin.party
VEGAS, Oct. 31, 2011 Boyd Gaming Corporation (NYSE:
BYD) today announced that it has entered into an agreement
with bwin.party digital entertainment plc (LSE: BPTY),
the world's largest publicly traded online gaming
Congress legalize online poker in the United States,
and subject to regulatory approvals, Boyd Gaming would
acquire a 10% stake in a new company that would offer
online poker to U.S.-based players under bwin.party's
brands, including PartyPoker.
Boyd Gaming has entered into a 15-year agreement to
use bwin.party's technology platform and associated
services to offer online poker to U.S. players under
a brand developed by Boyd Gaming, assuming Congress
passes enabling legislation.
believe that the right approach to offering legal
online poker in the United States is through a federal
regulatory structure that ensures the games are conducted
with the greatest possible integrity and security.
Should Congress enact legislation to legalize Internet
poker, this agreement will allow us to partner with
the world's most experienced and prestigious online
operator to offer a secure, fair and entertaining
experience for players in the United States,"
said Keith Smith, President and Chief Executive Officer
of Boyd Gaming.
is licensed in Gibraltar, France and Italy, and currently
offers legal online poker in numerous countries. The
company has a reputation for developing and implementing
industry-leading best practices, including player
security, responsible gaming and underage gambling
see online poker as a compelling future growth opportunity
for our Company, and this agreement would position
Boyd Gaming to quickly become a leader in the online
poker market in the United States," Smith said.
Headquartered in Las Vegas, Boyd Gaming Corporation
(NYSE: BYD) is a leading diversified owner and operator
of 17 gaming entertainment properties located in Nevada,
New Jersey, Mississippi, Illinois, Indiana, and Louisiana.
Digital Entertainment agrees American joint venture
with MGM Resorts and Boyd Gaming - 2nd November 2011
Digital Entertainment Plc has announced details
of a joint venture agreement with US bricks and mortar
casino groups MGM Resorts International and Boyd Gaming
Corp that will see them offer online poker in America
should it become regulated and licensed.
deal will see bwin.party, MGM and Boyd form a jointly-owned
US-based company (Federal NewCo) with
bwin.party owning 65%, MGM owning 25% and Boyd owning
10%. Should federal legislation be enacted the joint
venture would offer online poker to US players via
Poker Tour and PartyPoker
brands with bwin.party providing the software and
support. Should US poker be legalised at the state
rather than federal level a new stand-alone company
would be created to develop opportunities on a state
by state basis.
strategy has been designed to address any and all
legislative outcomes, whether federal or state-by-state.
said Jim Ryan and Norbert Teufelberger, the Co-CEOs
of bwin.party. We are particularly excited to
be working with MGM and Boyd. Combining their significant
assets and regulatory expertise with the strength
of our PartyPoker
Poker Tour brands, all supported by our in-house
technology, makes us perfectly positioned for any
future opening of the US online poker market.
addition to the customer facing deal, bwin.party,
MGM and Boyd also revealed details of a two separate
15-year business to business agreements that would
enable them to offer real money online poker
services under their own brands in the US using the
bwin.party technology platform and associated services.
Murren, Chairman and CEO of MGM Resorts International,
said 'MGM has long been supportive of federal legislation
to strengthen UIGEA and provide the needed regulations
and consumer protections for online poker. MGM is
proud to have bwin.party as our partner as they have
the assets and experience that, combined with our
brands, can ensure a secure, fair and entertaining
online poker experience.
Smith, President and CEO of Boyd Gaming, added We
believe the right approach to offering legal online
poker in the United States is through a federal regulatory
structure that ensures the games are conducted with
the greatest possible integrity and security. Should
Congress enact legislation to legalise Internet poker,
this agreement will allow us to partner with the worlds
most experienced and prestigious online operator to
offer a secure, fair and entertaining experience for
players in the United States.
also confirmed that it is set to enter a preliminary
suitability review with the Nevada Gaming Control
Board in order to secure an advanced finding of suitability
in anticipation of future US-facing real money poker
Man does not represent Boyd Gaming Corp
PartyPoker And Bwin.Party Digital Entertainment News
- 1st July 2011
and bwin merge to become bwin.party digital entertainment;
Eyes on U.S, by Greg Tingle - 4th April 2011
"Tuffers" Tufnell Mike
Digital Entertainment Making Friends In United States:
California, New Jersey, Florida, by Greg Tingle -
1st September 2011
a recent interview with eGaming Review, Bwin.Party
Digital Entertainment Co-CEO, Jim Ryan, advised re
his firm's goal to enter the lucrative US market:
We have made the decision to target strategic
partners. At federal level, we are finalising agreements
with a couple of parties positioned nicely to operate
in that market. In California, we are well advanced
with a particular party. The same in New Jersey, consistent
with where we are at a federal level.
legislator announced it will not be pursuing the issue
until the start of next year, quite possibly after
federal legislation is enacted.
Jersey State Senator Raymond Lesniak introduced new
draft legislation earlier month. His previous proposal
made it all the way to Governor Chris Christies
desk before Christie announced he would not be signing
off in the final minutes of a deadline. The Governor
cited specifics in the bill that Lesniak believes
the latest incarnation addresses.
Man is following up the situation.
Digital Entertainment Talk Of The Town...
this year, PartyGaming and bwin merged to create Bwin.Party
Digital Entertainment, which is traded on the London
Stock Exchange under the symbol BPTY. In an news article
that appeared in The Independent last Tuesday, it
was noted that since the two online gaming giants
merged, the combined companys share price has
dipped by nearly half. While part of the drop might
be due to a slowing economic environment worldwide
and so no action might be needed, other entities felt
that an infusion could be in the offing. The news
outlet cautioned, however, that investors might wait
for the gaming environment in the United States to
be sorted out first: "Not everyone agreed with
the chatter, however, with one trader saying acquisitions
in the sector were unlikely until there was further
clarification over the potential regulation of online
gambling in the U.S."
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snap: bwin.party has potential post merger - 5th April
Gordon ups its target price for PartyGaming following
its merger with bwin, saying that the newly-formed
bwin.party Digital Entertainment has the potential
to deliver above-average earnings growth, underpinned
by €55m of merger synergies.
regulatory developments have been overwhelmingly positive
for eGaming operators, in our view and we think eGaming
stocks are well placed for a period of sustained outperformance,
said the broker.
estimates that bwin.party will be almost twice the
size of its closest peers in 2012, and its scale benefits
give it a significant advantage in the French and
Italian poker markets, where the broker thinks it
will be among the top three poker liquidity providers.
broker keeps its buy rating, but increases
the target price from 275p to 288p.
the Deal Selected to Support Merger Integration of
PartyGaming and bwin - 1st April 2011
stiff competition, Beyond the Deal LLP has been chosen
to support the integration of PartyGaming and bwin,
following their announced transformational merger
inJuly 2010 to form bwin.party digital entertainment
plc (Ticker: BPTY). The deal, completed today, makes
bwin.party, the world's largest listed online gaming
across key bwin and PartyGaming locations across Europe,
and working with senior executives and management
in the merged entity, Beyond the Deal's work is focused
on supporting integration planning, internal communications
and cultural alignment.
Swindley, Group HR Director for bwin.party digital
have chosen to work with Beyond the Deal due to its
skills and understanding of the complex challenges
that arise from merging different international cultures."
Keener, Managing Partner, Beyond the Deal LLP, stated:
appointment by bwin.party continues to highlight our
ability to support the largest multi-national deals
in a way that is responsive, flexible, and makes the
best use of clients' own capabilities and experience
in merger integration. We look forward to working
with many other companies as M&A activity resumes
in the coming months."
Established by Carlos Keener in 2001, Beyond the Deal
is an advisory and resources firm specialising in
post merger integration, based in the UK & US.
The company focuses on acquisition and integration
strategy, business model design, integration planning
and management, and other post-acquisition areas such
as business process change, organisational design,
HR, IT, branding, culture, communications, and risk
Beyond the Deal's Cultural Snapshot Survey helps businesses
address the need for cultural assessment alongside
more commonplace pre-deal processes, and certainly
as part of acquisition target assessment and integration
planning. The survey considers both organisational
and national culture, links it to post-deal business
models and integration planning, and provides practical
ways forward for cultural alignment post-deal.
Unleashes Card Rush Instant Win Promotion - 5th April
the worlds third largest online poker room,
is offering up 1.8 million prize cards as part of
its Card Rush Instant Win promotion in April. The
promotion will run through April 30th or until the
prize cards are given away and offers numerous chances
to earn extra cash by playing on the site this month.
can obtain a Card Rush card simply by playing in a
real money game on PartyPoker and earning points.
The first card will cost five points and subsequent
cards will cost 15 points. Players may obtain up to
50 cards per day, but the promotion will end when
all 1.8 million are assigned.
card will instantly give players a monetary prize
between $1 and $5,000, a points prize up to 25,000,
or entry into a freeroll. The freerolls will run on
the following days:
Rush $2,000 Freeroll May 5th at 1:00pm ET
Card Rush $15,000 Freeroll May 5th at 2:30pm
Card Rush $3,000 Freeroll May 6th at 1:00pm
Card Rush $10,000 Freeroll May 6th at 2:30pm
Card Rush $5,000 Freeroll May 7th at 1:00pm
Card Rush $7,000 Freeroll May 7th at 2:30pm
Card Rush $20,000 Freeroll May 8th at 1:00pm
can also earn cash in the Card Rush Race, a leaderboard
that will pay the top 200 point-earners a minimum
of $100. Points will be awarded as part of the Card
Rush promotion ranging from one to 20 points per card.
The more points a player earns, the more money theyll
receive. Heres a look at the payouts:
2nd place $7,000
3rd place $5,250
4th place $4,000
5th place $3,500
6th place $3,000
7th place $2,500
8th place $2,000
9th place $1,500
10th place $1,000
11th-18th places $800
19th-30th places $700
31st-45th places $600
46th-60th places $500
61st-75th places $400
76th-100th places $300
101st-125th places $200
126th-150th places $150
151st-200th places $50
addition, every 20th spot from 220 to 2,000 will earn
a Hot Spot prize of $50.
is also running daily qualifiers to the 2011 World
Series of Poker (WSOP) in Las Vegas. Qualifiers are
running now until June 19th, with satellites available
for as little as $2. Each $14,000 package includes
the $10,000 Main Event buy-in, travel and eight days
hotel accommodations, and $2,000 spending money.
are also special qualifiers exclusively for first-time
depositors. Every month, new players can enter an
exclusive freeroll to win one of 10 seats, each worth
$750, in the WSOP weekly satellite.
which owns and operates PartyPoker,
recently merged with bwin to form the largest gambling
group in the world. With the merger, Party Gaming
hopes to even the playing field in the online poker
arena as it positions itself to re-enter the U.S.
new company also hopes the merge will expand the PartyPoker
brand in Europe. bwin previously resided on the Ongame
Network, but now combines its client base with PartyPoker
to create the third largest online poker room in the
Poker News Daily)
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Wins Media Man Online Casino Of The Month - July 2010
Merger with bwin; Change of name to bwin.party digital
entertainment plc; Publication of Shareholder Documents
(the Company, PartyGaming
or the Group)
Merger with bwin
Change of name to bwin.party digital entertainment
Publication of Shareholder Documents
29 July 2010, PartyGaming Plc and bwin Interactive
Entertainment AG (bwin) announced they
had agreed the basis of a Proposed Merger of both
companies. The Proposed Merger will create the worlds
largest listed online gaming business, with pro forma
unaudited net revenues in 2009 from continuing operations,
of €696.2 million, pro forma unaudited Clean
EBITDA from continuing operations of €193.7 million,
and pro forma unaudited profit after tax from continuing
operations of €99.4 million (excluding transaction
costs) for the year ended 31 December 2009 and pro
forma unaudited net assets as at 31 December 2009
of €1,276.7 million (after consolidation adjustments).
is pleased to announce that a key milestone in the
process has been reached with the publication today
of the Prospectus (the Prospectus) and
a circular to its shareholders (the Circular)
containing further details of the Proposed Merger
and also a series of proposed resolutions (the Resolutions)
to be considered at an extraordinary general meeting
of all shareholders to be held on 28 January 2011
(the EGM). One of the proposals to be
considered is to change the Companys name on
completion of the Merger to bwin.party digital entertainment
of the Prospectus and the Circular will today be submitted
to the National Storage Mechanism and will shortly
be available for inspection at www.Hemscott.com/nsm.do.
The Circular will be posted to PartyGamings
shareholders tomorrow and copies of the Prospectus
and Circular will be available to download from the
Group's website tomorrow at
of the Merger is conditional upon, amongst other things,
approval of the Resolutions by PartyGamings
shareholders at the EGM. At the end of the Circular,
PartyGamings shareholders will find a notice
convening the EGM to be held on 28 January 2011 at
2.00 p.m. (CET) at The Eliott Hotel, 2 Governors
summary of the expected timetable to Completion is
set out below:
10.00 a.m. (CET) on 28 January 2011
2.00 p.m. (CET) on 28 January 2011
The following dates are indicative only and subject
to change. Please see note (1) below.
PartyGaming Court Hearing to sanction the Merger
15 March 2011
Last day of dealings in Existing bwin Shares
25 March 2011
Last day of dealings in Existing PartyGaming Shares
and Effective Date
31 March 2011
De-listing of Existing bwin Shares from the Vienna
close of trading on 31 March 2011
De-listing of Existing PartyGaming Shares from the
London Stock Exchange
8.00 a.m. (London time) on 1 April 2011
Expected Admission and commencement of dealings in
bwin.party Shares, Completion
8.00 a.m. (London time) on 1 April 2011
CREST accounts expected to be credited with Depositary
Interests in respect of the bwin.party Shares
on or around 1 April 2011
(1) These dates are indicative and assume that the
requisite regulatory clearances have been obtained
and other conditions to Completion fulfilled before
the date estimated for Completion. The expected dates
following the PartyGaming Court Hearing will depend,
among other things, on the date upon which the Court
sanctions the Merger and the timing of the satisfaction
of all the conditions to Completion. If any of the
above times and/or dates change, the revised times
and/or dates will be notified by announcement through
a Regulatory Information Service.
Copies of the Prospectus, the Circular and other documents
noted in the Prospectus and Circular as being available
for inspection may be inspected during normal business
hours on each Business Day from today up to and including
the Expected Admission and commencement of dealings
in bwin.party Shares at the registered office of the
Company, being 711, Europort, Gibraltar, at the offices
of Freshfields Bruckhaus Deringer LLP, 65 Fleet Street,
London EC4Y 1HS, United Kingdom, and will also be
available for inspection at the Extraordinary General
Meeting for at least 15 minutes prior to and during
terms used but not defined in this announcement have
the same meanings as set out in the announcement released
by the Company at 11.03 a.m. BST on 29 July 2010.
Peter Reynolds, Director of Corporate Affairs
John Shepherd, Director of Corporate Communications
+44 (0) 20 7337 0100
Bank (Financial Adviser and Corporate Broker to PartyGaming)
Alastair Mathieson, James Cass
Charles Wilkinson, Mumtaz Naseem (Corporate Broking)
Tel: +44 (0) 20 7545 8000
announcement does not constitute a prospectus or prospectus
equivalent document. Holders of shares in PartyGaming
and bwin are advised to read carefully the formal
documentation in relation to the Proposed Merger.
Bank AG is authorised under German Banking Law (competent
authority: BaFin Federal Financial Supervisory
Authority) and authorised and subject to limited regulation
by the Financial Services Authority. Details about
the extent of Deutsche Bank AGs authorisation
and regulation by the Financial Services Authority
are available on request. Deutsche Bank is acting
as financial adviser and corporate broker to PartyGaming,
and no-one else, in connection with the Proposed Merger
and will not be responsible to anyone other than PartyGaming
for providing the protections afforded to the clients
of Deutsche Bank nor for providing advice in relation
to the Proposed Merger or any matter referred to herein.
Bank makes no representations, express or implied,
with respect to the accuracy or completeness of any
information contained in this document and accept
no responsibility or liability for, nor do they authorise,
the contents of this document (or its issue), or for
any other statement made or purported to be made by
them (or any of them), or on their behalf, in connection
with PartyGaming, bwin, the PartyGaming Shares, the
New PartyGaming Shares or the Proposed Merger.
This announcement does not constitute an offer to
purchase, sell or exchange or the solicitation of
an offer to purchase, sell or exchange any securities
or the solicitation of any vote or approval in any
jurisdiction pursuant to the Proposed Merger or otherwise,
nor shall there be any purchase, sale or exchange
of securities or such solicitation in any jurisdiction
in which such offer, solicitation, sale or exchange
would be unlawful prior to registration or qualification
under the laws of such jurisdiction.
distribution of this announcement in jurisdictions
other than the UK, Austria or Gibraltar may be affected
by the laws of relevant jurisdictions. Therefore any
persons who are subject to the laws of any jurisdiction
other than the UK, Austria or Gibraltar will need
to inform themselves about, and observe, any applicable
requirements. Except as required by applicable law,
copies of this announcement are not being, and may
not be, mailed or otherwise forwarded, distributed
or sent in, into or from any Restricted Jurisdiction.
Persons receiving this announcement (including, without
limitation, custodians, nominees or trustees) should
observe these restrictions and should not send or
distribute documents in or into any Restricted Jurisdiction.
particular, the New PartyGaming Shares to be issued
in connection with the Proposed Merger have not been,
and will not be, registered under or offered in compliance
with applicable securities laws of any state, province,
territory or jurisdiction of Canada, Australia or
Japan and no regulatory clearances in respect of the
New PartyGaming Shares have been, or will be, applied
for in any jurisdictions other than the UK and Austria.
Accordingly, unless an exemption under the relevant
securities laws is applicable, the New PartyGaming
Shares are not being, and may not be, offered, sold,
resold, delivered or distributed, directly or indirectly,
in or into, Canada, Australia or Japan or to, or for
the account or benefit of, any person resident in
Canada, Australia or Japan.
to US investors
The Proposed Merger between PartyGaming and bwin relates
to the shares of a foreign company and is subject
to the disclosure requirements of a foreign country
that are different from those of the United States.
Any financial information included in this document
has been prepared in accordance with foreign accounting
standards and thus may not be comparable to the financial
information of US companies or companies whose financial
statements are prepared in accordance with generally
accepted accounting principles in the United States.
may be difficult for investors to enforce their rights
and any claim they may have arising under the federal
securities laws. PartyGaming is a Gibraltar company,
and some or all of its officers and directors are
residents of countries other than the United States.
Investors may not be able to sue a non-US company
or its officers or directors in a non-US court for
violations of the US securities laws. It may be difficult
to compel a non-US company and its affiliates to subject
themselves to a US courts judgment.
may not be offered or sold in the United States absent
registration under the US Securities Act of 1933,
as amended (the Securities Act), or pursuant
to an exemption from such registration. The New PartyGaming
Shares to be issued in connection with the Proposed
Merger are not, and will not be, registered under
the Securities Act or under the securities laws of
any jurisdiction of the United States and will be
issued to bwin Shareholders in the United States in
reliance on the exemption from registration provided
by Rule 802 under the Securities Act and in reliance
on available exemptions from any state law registration
requirements. The securities of PartyGaming and bwin
have not been, and will not be, registered under the
Securities Act or under the securities laws of any
jurisdiction of the United States.
Certain statements contained in this announcement
constitute forward-looking statements.
In some cases, these forward-looking statements can
be identified by the use of forward-looking terminology,
including the terms believes, estimates,
plans, prepares, anticipates,
expects, intends, may,
will or should or, in each
case, their negative or other variations or comparable
terminology. Investors should specifically consider
the factors identified in, or incorporated by reference
into, this document which could cause actual results
to differ before making an investment decision. Such
forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause
the actual results, performance or achievements of
PartyGaming, bwin and/or of the Enlarged Group, or
industry results, to be materially different from
any future results, performance or achievements expressed
or implied by such forward-looking statements. Such
forward-looking statements are based on numerous assumptions
regarding PartyGamings, bwins and/or the
Enlarged Groups present and future business
strategies and the environment in which PartyGaming,
bwin and/or the Enlarged Group will operate in the
future. Such risks, uncertainties and other factors
will be set out more fully in the formal documentation
in relation to the Proposed Merger. These forward-looking
statements speak only as at the date of this announcement.
Except as required by the FSA, the London Stock Exchange,
the Listing Rules or any other applicable law, PartyGaming
and bwin expressly disclaim any obligation or undertaking
to release publicly any updates or revisions to any
forward looking statements contained in this document
to reflect any change in their expectations with regard
thereto or any change in events, conditions or circumstances
on which any such statement is based.
and PartyGaming present details on the merger (bwin
by bwin Interactive Entertainment AG (bwin)
Below is the text of an announcement issued today
and PartyGaming present details on the merger
digital entertainment will be the worlds largest
publicly listed online gaming provider.
23 December 2010 - The merger plan presented by bwin
Interactive Entertainment AG and PartyGaming Plc will
create the world's largest publicly listed online
gaming group a group that will be ideally positioned
to take advantage of the rapid consolidation of the
online gaming industry and to open up new markets
around the world. The annual synergies resulting from
this merger are expected to total approximately 55
million Euros: it is anticipated that about three
quarters of this amount will be achieved in the financial
year 2012, with full synergies from 2013.
to be retained
The online gaming industry is going through
a phase of consolidation, making market players
size and geographic diversification more crucial than
ever, explains Norbert Teufelberger, Co-CEO
of bwin. The new company will operate worldwide with
its existing brands under the name of bwin.party digital
entertainment plc, in which current bwin shareholders
are expected to hold 51.7 per cent of the shares and
current PartyGaming shareholders 48.3 per cent. Our
products and target markets complement one another
perfectly, and we can continue to expand our technology
lead in all key product segments: sports betting,
poker, casino, bingo and games, according to
capital structure and customer liquidity
Like PartyGaming in the past, bwin.party will have
its headquarters in Gibraltar and be listed on the
London Stock Exchange. Besides a clear focus on B2C
products, the company will also steadily expand its
B2B and B2G business. Our many years of online
know-how, healthy balance sheet, and one of the largest
pools of poker liquidity in any regulated market will
make us an attractive business partner, clarifies
Teufelberger, who will head up the company as Co-CEO
together with Jim Ryan, PartyGamings current
CEO. The business operations of bwin in Austria will
be retained, where a newly founded subsidiary, bwin
Services AG will support selected areas of the group
merger plan to completion
The merger plan published today contains full details
of the planned merger, and can be downloaded together
with other documents from bwins corporate website
at www.bwin.org. The Executive Board of bwin will
be convening an Extraordinary General Meeting on 28
January 2011 at which it will recommend shareholders
to vote for the merger. Provided the general meetings
of both bwin and PartyGaming approve this merger,
all shareholders holding bwin shares when the merger
becomes legally effective expected to be towards
the end of the first quarter of 2011 will receive
12.23 PartyGaming shares denominated in GBP for each
bwin share. This share swap will be carried out automatically
and free of charge.
shareholders not wishing to become shareholders in
bwin.party can sell their shares beforehand on the
Vienna Stock Exchange or exercise their entitlement
to a cash settlement. The amount of the cash settlement
has been set at 23.52 Euros. The exchange ratio and
the cash compensation amount have been confirmed as
adequate by independent experts.
The bwin Group has over 20 million registered customers
in more than 25 core markets. On a number of different
platforms, the Group offers sports betting, poker,
casino games, soft and skill games, as well as audio
and video streams of top sporting events such as the
German Soccer League. The holding company bwin Interactive
Entertainment AG is listed in the ATX on the Vienna
Stock Exchange (ID code BWIN, Reuters ID code BWIN.VI),
and as the parent company provides various services
such as software development, marketing, communications,
human resources and finance for its subsidiaries and
associated companies. The operational business of
the bwin Group is carried out by subsidiaries and
associated companies on the basis of licences (e.g.
Germany, Italy and Gibraltar). Full details about
the Company can be found on its investor relations
website at www.bwin.org.
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Unlike the poker promotion this is open to non VIPs
too and runs from the 1st 14th December, whether
you have been bad or good. Points mean prizes including
a luxury Caribbean holiday!
for more information.
whether youve been good or bad!
00:00 ET, 1st December
Ends: 23:59 ET, 14th December
is making an early appearance. Hes spreading
Christmas cheer, handing out killer Christmas presents
to non-VIP and Palladium VIP players.
1st to 14th December, you can celebrate Christmas
in style with a double whammy of festive winning opportunities.
Theres a prize giveaway where you can scoop
up to 6 prizes, and a massive cash prize draw!
a share of Santas Party Pack is simple, and
you dont even have to sit on Santas knee!
Simply opt-in between the 1st-14th December and collect
points by playing your favourite slots and jackpot
slots. The more you play, the more prizes youll
youre not a VIP yet, check out the Christmas
List below, Santa could bring you up to 5 fantastic
prizes worth $1,000:
20 $5 cash bonus
100 300 points
500 $50 cash bonus
1,000 $100 free cash
5,000 iPad 32GB WiFi*
iPad 32GB WiFi has a cash alternative of $600, this
will automatically be credited to your account. Please
see T&Cs for details of how to receive the
non monetary alternative.
youre a Palladium VIP player, check out the
Christmas list below. Santa could bring you up to
6 prizes worth $10,000:
2,000 $75 cash bonus
3,000 1500 points
5,000 $150 cash bonus
7,500 $250 free cash
15,000 iPad 64GB WiFi**
50,000 Luxury Caribbean Holiday**
iPad 64GB WiFi has a cash alternative of $1,000, **The
Luxury Caribbean Holiday has a cash alternative of
$5,000 these will automatically be credited to your
account. Please see T&Cs for details of
how to receive the non monetary alternative.
Big Prize Draw
a cracker! But wait
theres an extra present
under the tree Santas Big Prize Draw.
By taking part in Santas Party Pack, you will
be eligible for the draw. The more points you earn
the more entries you will receive. Check below to
see how much cash you can win:
Big Prize Draw
time you earn 20 points during the promotion, youll
get one entry to the Big Prize Draw. $10,000 will
be shared equally between 10 lucky players.
Big Prize Draw
time you earn 500 points during the promotion, youll
get one entry to the Big Prize Draw. $20,000 will
be shared between 3 lucky players in the following
amounts: 1st - $10,000, 2nd - $6,000 and 3rd - $4,000.
can collect points on any of our slots and jackpot
slots. To join the festivities you need to Opt-In
from the 1st-14th December. Win some exceptional presents
this Christmas with Santas Party Pack.
luck and Merry Christmas!
mid-term fears hit PartyGaming
was one of the big fallers among the FTSE 250 today,
amid speculation over the US elections.
online poker giant was down 4% to 251p. The sector
is watching the US mid-term elections closely in order
to gauge what impact they might have.
story this morning was that staunch supporter of the
sector and Senate Majority Leader Harry Reid might
lose his Nevada Senate seat.
latest telephone survey put Reid's rival Sharron Angle
at 49% to Reid's 45%.
across the pond were the key to a subdued market this
morning. At 12 o'clock the FTSE 100 was down just
17 points ahead of US GDP data at 1:30.
are for annualised growth of 2%. The pound was at
$1.5901 at midday ahead of the announcement.
movers on the London market this morning included
Centrica up 2% to 329p.
was up slightly, 0.5p up to 631p, as the positive
sentiment from AIA's listing in Hong Kong fed through.
rose 17% on its debut, with its market value topping
gains from European court ruling on German monopoly
are taking a punt on online gambling companies following
a ruling than German restrictions breached European
European Court of Justice ruled there should not be
a state monolopy of sports bets and lotteries in Germany,
potentially opening up new opportunities for the online
gaming groups. PartyGaming shares have climbed 12.9p
to 285.5p on the news while its merger partner - Austria's
Bwin - is more than 6% higher. 888 Holdings is up
1.25p at 41.75p while Sportingbet has added 0.25p
a positive start on Wall Street has helped support
the FTSE 100, which is now up 29.10 points at 5436.92.
Arm continues to be the top riser, while BP is off
its best levels following the release of its own report
into the Gulf of Mexico disaster, now up 5.95p at
online slot game website Rocky
online slot game (direct download)
Balboa slot game profile Sylvester
Stallone profile Boxing
online slot game website Rocky
online slot game (direct download)
Casino website Noble
Poker website PartyGaming
Las Vegas Swiss
Sinatra slot website PartyCasino.com
Saturday Night Fever
World Poker Tour.fr PartyPoker.fr
Soccer Slot Slotbox
Slot Game Hits PartyGaming - Noble
new Rocky slot game has become Playtechs most
sought after title as online gaming fans flock to
box as Rocky Balboa.
great features of Playtechs video slot have
made the game one of the most popular of all time.
Rocky Slots sets the pace for PartyGaming and Playtech,
with Pink Panther soon to follow.
Slots traces the fortunes of the kind hearted south
paw Rocky Balboa from the 1976 film starring Sylvester
Stallone. The game has fast and well designed features
and game play as well as a pounding soundtrack to
match...this really gets the excitement and adrenaline
flowing! Bonus features include a special Knockout
Bonus round where players can pick Rockys opponents,
watch a ten round boxing match and win big money.
have upped the ante with Rocky Slots as the game features
more advanced graphics, better sound and more sophisticated
detail than other similar games. This makes Rocky
Slots an absolute knock out to play.
spinning reels sound like a punch bag to make players
feel that they are hearing Rocky train in his favourite
Philadelphia gym. Players need to spell out ROCKY
on the 5 reels in order to receive an instant 5x total
bet payout. And if you manage to achieve this in the
free spin rounds you will receive a massive 10x total
the more impressive feature of the Rocky Slots game
from Playtech is the Knockout Bonus Round. This is
where players choose from three prize fights to spar
against Rocky in a ten round match including
the famous film world champion Apollo Creed. The player
watches the stunning fight from a front line seat,
featuring real footage from the fight scenes in the
the Knockout Bonus Round players have the chance of
winning up to a 30x total bet payout if Rocky manages
to knock his opponent out in a fast enough time. Go
also offer PartyCasino.com which offers dozens more
movie and TV themed slot games, as well as other online
casino games that can be played for free or played
was established in 1997 and is listed on the London
Casino website PartyGaming
Marvel Slots website PartyCasino
Las Vegas Swiss
Sinatra slot website PartyCasino.com
Saturday Night Fever
World Poker Tour.fr PartyPoker.fr
Saturday Night Fever website
Sinatra slot website
betting firm bwin announces merger with PartyGaming
- 30th July 2010
merger with Bwin Interactive to create $3.7bn online
gaming giant - 30th July 2010
News Limited - The Times)
Corporate Responsibility Credentials Receive Four
Endorsements - 17th June 2010
the worlds leading listed online gaming company,
is proud to announce that its corporate and social
responsibility (CSR) credentials have been endorsed
by four leading corporate, charitable and gaming industry
has retained its membership of the FTSE4Good Index
series which measures the performance of companies
against globally recognised corporate responsibility
standards. Membership is based on transparent criteria
including environmental sustainability, upholding
and supporting universal human rights, ensuring good
supply chain labour standards and countering bribery.
All of these criteria are independently assessed by
the Experts in Responsible Investment Solutions.
has won a Gold Award from the Gambling
Research, Education and Treatment Foundation in recognition
of its financial and professional contributions towards
tackling problem gambling. Formerly known as the Responsibility
in Gambling Trust, the GREaT Foundation was established
as a charity in 2002 and is Britains largest
funding body responsible for tackling problem gambling
through financing research, education and treatment
from voluntary donations.
Godbold, Director of GREaT, said:
We are extremely grateful to PartyGaming as
one of the industrys leading companies that
has made an extra effort in supporting our fundraising
which is PartyGamings affiliate marketing programme,
has been awarded the eCOGRA Affiliate Trust Seal.
The award certifies that PartyPartners observes best
practice for fairness and efficiency in dealing with
affiliate marketers. eGOGRA is the independent standards
authority for the online gaming industry, overseeing
fair gaming, player protection and responsible operator
on the award, eCOGRA chief executive Andrew Beveridge
We were impressed by the competency of both
PartyPartners staff and their systems, which
we thoroughly tested at full capacity to determine
efficiency and consistency levels. In our opinion
it is among the most professionally managed businesses
we have encountered in hundreds of eCOGRA reviews
and audits at major Internet companies.
the sixth year in succession, PartyGaming has been
certificated as a responsible operator by GamCare,
a registered charity which is a leading authority
on the provision of counselling, advice and practical
help in addressing the social impact of gambling in
McLellan, Chief Executive of GamCare, said:
I am delighted to be able to renew PartyGamings
GamCare Certification in public recognition of their
longstanding commitment to player protection. Players
who choose PartyGaming have the assurance from GamCare
Certification that there are appropriate measures
in place to help them gamble responsibly and that
the right advice is there for anyone who wants to
know more about staying in control.
Weigold, Group Finance Director who has executive
responsibility for PartyGamings CSR matters,
These corporate responsibility endorsements
are welcome recognition of our commitment to act responsibly,
which remains one of the four pillars of our business
strategy. Being recognised in this way is a source
of genuine pride for all of PartyGamings 1,300
employees whose commitment to undertaking pro bono
community projects in 2009 was also recognised as
placing the Company well ahead of its peers
by the GoodCorporation that undertakes CSR reviews
for a number of public companies around the world.
pursues takeover deals, sales fall - 6th July 2010
In talks with a number of parties
Committed to active role in consolidation
Q2 revenue down 2 pct
July 6 (Reuters) - Online gambling group PartyGaming
said it was continuing to pursue takeover opportunities
with a number of parties as it reported a 2 percent
decline in second quarter revenue.
group, which is reported to have held merger talks
with Austria's bwin, said on Tuesday it was looking
to play an active role in consolidation of the industry
and was confident about its future prospects.
progress on consolidating the online gaming industry
has been slower than expected, we remain committed
to playing an active role and are continuing to pursue
opportunities with a number of parties," said
Chief Executive Jim Ryan.
say the online gaming industry is ripe for consolidation
because of its fragmented nature and a mooted deal
between PartyGaming and bwin had been seen as a potential
catalyst for a wave of takeover activity.
which operates the PartyPoker and PartyCasino sites,
said overall trading had been in line with the board's
expectations despite the summer weather and the World
Cup providing alternative attractions for gamblers.
expectations for full year earnings before interest,
tax, depreciation, and amortisation range between
$144.7 million and $163.7 million, with the consensus
at $149.2 million, according to a Thomson Reuters
I/B/E/S poll of 9 analysts.
in PartyGaming closed on Monday at 220.8 pence, valuing
the business at 892 million pounds.
plays unbeatable hand with smartFOCUS
gaming firm adopts intelligent marketing solution
to provide more accurate, targeted communications,
improved customer management and increased marketing
UK 21 June 2010 smartFOCUS, a global
provider of intelligent multi-channel marketing software,
has been chosen by PartyGaming, the worlds leading
listed online gaming company, to implement a high
performance marketing solution to increase both the
volume and value of player activity across the range
of PartyGaming brands including PartyPoker,
has purchased the full suite of smartFOCUS software
and services, including analysis, campaign management
and reporting, to deliver a complete and centralised
view of its customers. PartyGaming is now able to
profile players segmented by life-stage, value, recent
activity and frequency of play, then take advantage
of highly granular data.
PartyGaming spokesman, said: Our overall objective
has always been to put our customers at the centre
of our business. smartFOCUS will enable us to test
new ideas and analyse vast amounts of customer data
instantly, providing us with a competitive edge to
investigate and react to market changes quickly and
effectively. With smartFOCUS we have found a solution
that will enhance our customer relationship management
was selected for the performance, scalability and
usability of its software. PartyGaming is now benefitting
from an in-house solution that enables marketers to
compare and analyse different player segments by the
types of games they are playing. With increased insight
PartyGaming is improving the targeting of cross-sell
and reactivation marketing, understanding the lifetime
value of affiliate partners and improving the profitability
of its gaming products.
Underhill, CEO, smartFOCUS, added: Online gaming
businesses equipped with the right marketing solutions
are well placed to benefit from a marked shift in
focus onto retention and customer relationship management.
PartyGaming has consistently led the market place
with innovate and creative marketing and rich player
experience. Armed with an increased understanding
of each customer, PartyGaming is delivering more intelligent
customer insights and targeted marketing to improve
customer management and significantly increase marketing
leading international provider of multi-channel marketing
software and services, smartFOCUS and its Intelligent
Marketing solutions integrate data to deliver the
most powerful analysis and customer insight, enabling
communication across the entire marketing operation.
than 700 companies worldwide rely on smartFOCUS to
inspire customers, improve results and transform marketing
performance. Clients and partners include AAA, ABN
AMRO, Centre Parcs, EasyJet, EMI, Equifax, Eurocamp,
Harrods, Landal Green Park, Lastminute.com, Manchester
United FC, QVC, Rabobank, RCI-GVN, Société
Générale and Sony Europe.
in e-mail and digital marketing:
Digital, a specialist division of smartFOCUS, located
in London, U.K., provides smartMARKETER eChannel a
fully on-demand digital marketing solution that serves
each of its customers with e-mail, mobile, social
network, landing page, microsites and RSS channel
in news media:
Astech, a specialist division of smartFOCUS located
in Denver, Colo., U.S., provides marketing expertise
and Intelligent Marketing solutions that serve more
than 200 news media companies internationally. Customers
include USA Today, the New York Times Regional Media
Group and the Washington Post.
is headquartered in Bristol, U.K., with operations
in the U.S., Europe and Asia Pacific. For more information,
Plc is the worlds leading listed online gaming
company. The Group is a constituent of the FTSE 250
share index with its shares listed on The London Stock
Exchange under the ticker: PRTY. In the year to 31
December 2009, PartyGamings Continuing operations
generated revenue of $446.2m and Clean EBITDA of $135.0m.
PartyGamings principal brands are www.PartyPoker.com,
one of the worlds largest online poker rooms,
the worlds largest online casino, www.PartyBingo.com,
www.PartyGammon.com, www.PartyBets.com, www.InterTrader.com,
www.FoxyBingo.com, www.GetMinted.com, www.Gamebookers.com
and www.WorldPokerTour.com. None of the Groups
sites accept real money customers located in the US.
is regulated and licensed by the Government of Gibraltar
and by the Alderney Gambling Control Commission and
it is also certified as a responsible gaming operator
by GamCare, the leading UK authority on the provision
of advice, practical help, support and counselling
in addressing the social impact of gambling. PartyGamings
shares are also a constituent member of the FTSE4Good
Index Series, which enables investors to identify
companies that meet globally recognised corporate
responsibility standards. For more information, please
Inks Deal With Aviation Club de France, by Greg Tingle
- 9th May 2010
has inked its B2B deal in France is applying for a
French gaming licence.
deal sees Aviation Club de France, a land-based gambling
venue off the Champs Elysees in Paris and France's
leading card room, maintain its world class status.
The club is understood to sport in excess of 100,000
members. Aviation Club will join PartyGaming's French
poker network when laws permits it to go ahead.
Club de France will join other gaming operators on
the network including PartyGaming's own France-facing
site, PartyGaming.fr, current French racing powerhouse
Pari-Mutuel Urbain (PMU), and television broadcaster
AB Groupe, following an agreement inked last month.
is keen to see the French gaming licence granted and
don't foresee delays.
licence system, which was approved by the French parliament
last month, means that PartyGaming will switch off
domestic casino and bingo when licensing is approved,
resulting in the removal of annualised revenues of
Man and its Casino
News Media and Global
Gaming Directory arms are very excited as to what
this means to the continued global strategy and growth.
gaming and news media world is following the progress
of the PartyGaming deals in France to help evaluate
their own strategy regarding gaming, government and
land based projects.
U.S, Canadian and Australian based casinos and clubs
are taking a very close look at this deal and how
it pans out, advised a Media
Man media and gaming spokesperson.
6th May 2010
Club de France to join PartyGamings French Poker
the worlds leading listed online gaming company,
today announces its third B2B deal in France with
an exclusive multi-year agreement to provide a white
label online poker service for Aviation Club de France
(ACF), one of the countrys most
prestigious card rooms and private members clubs.
new service, branded ACFPoker, will join
PartyGamings expanding French poker network
which will also include www.partypoker.fr. Once PartyGaming
obtains the required licence and is operational, players
on the network will benefit from a shared pool of
player liquidity and operate on a single platform.
in 1907 by four pioneering French aviators, today
ACF has 100,000 members and is the leading card room
in France. The club is a regular host of World Poker
Tours events including the forthcoming Grand
Prix de Paris to be held on 8-16 May 2010. The new
online poker service will be promoted through a variety
of channels to ACFs extensive customer base.
on todays announcement, Jim Ryan, Chief Executive
Officer of PartyGaming, said:
is a great addition to our French poker network and
allows us to directly connect with Frances offline
poker players. This deal is a great strategic fit
and together with our other B2B alliances in France,
we are determined to establish a strong position in
what we believe will become one of Europes largest
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Wins Media Man Australia Online Casino Award
Moves For World Poker Tour Assets With Superior Offer
to acquire the World Poker Tour
Purchases WPT Enterprises for $12.3 Million
Poker Tour good legal standing with United States,
Casino open to World Poker Tour proposals, industry
other PartyGaming brands likely to benefit from WTP
CEO Addresses Gaming Executive Summit - 9th July 2009
boosted by casino arm - 9th July 2009
Aspinalls, Titan Casino, Titan Poker, JackpotCity,
Casino Club, Slots Club, Belle Rock, Euro Partners
and others target Asia Pacific - July 2009
Rumour - 2nd May 2009
Progressive Slot Pays $846,884
Gaming CEO Discusses Future of Online Poker - 6th
Monthly Million - January 2009
Opts For WagerWorks Proven Game Titles - 22nd October
Sues Former Owner of Empire Online Over 2006 Sale
- 5th January 2009
dealt blow as managing director quits - 20th January
To Give Away Asian Poker - December 2008
SPREADING THE NEWS...PARTYCASINO.COM LAUNCHES NEW
MEGA JACKPOT NOW AT $1.88 MILLION!
May 2009 -- PartyCasino.com
is the world’s largest online casino and it
has just got even bigger with 13 new games added!
The headline act of the release is Sinatra, a musical
slot tribute to Ol’ Blue Eyes.
rights acquired from Frank Sinatra Enterprises (FSE),
a joint venture of the Sinatra Estate and Warner Music
Group, the Sinatra Slot was developed in-house and
is a five-reel, 20 line slot game with a Sinatra Big
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in Hollywood, Las Vegas and New York, collecting and
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spokesman said: “Sinatra is top of the bill
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including the classic Dolphin Reef, the Fantastic
Four and Hulk themed games.”
well as the swinging slot Sinatra, PartyCasino.com
has further increased its portfolio. Cryptologic licensed
The Fantastic Four and The Hulk: Ultimate Revenge
has joined the platform. This release also includes
the launch of a new progressive jackpot suite, the
Marvel Jackpot, consisting of three tiers. This jackpot
can be won by players of the Marvel Slot games and
sits alongside our existing Gold and Ca$hFla$h Jackpots.
NextGen have supplied City of Gold, Cherry Blossoms,
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include film themed slots such as Mission:Impossible,
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Man Australia Inks Deal With PartyPoker.com - 11th
to its already strong line up of poker brands such
as PKR.com, Virgin Poker and Pacific Poker, Media
Man Australia has come to terms with PartyGaming's
and PartyPoker.com were not featured at Australia's
CAP Down Under, of which Media Man Australia chaired
day one; however PartyPartners.com & Affclub.com
will be the platinum sponsor of CAP Euro, London 2008.
Media Man Australia and Casino News Media director,
Greg Tingle said, "We are absolutely delighted
to be now doing business with yet another of the world's
leading gaming brands. PartyGaming and PartyPoker.com
are right at the top of the online gaming and casino
world and we are excited to be doing business with
them, already reaping the benefits of the association".
Announced As CAP Euro Platinum Sponsor
11th December 2008
(CAP), a leading Internet marketing resource and community
website for online casino affiliate marketers has
announced that PartyGaming Group will be the exclusive
Platinum Sponsor for CAP Euro London 2009.
will be represented by PartyPartners.com and AffClub.com,
its affiliate marketing programmes uniting some of
the biggest names in online gaming including PartyPoker.com,
PartyCasino.com, PartyBingo.com, PartyGammon.com,
PartyBets.com and EmpirePoker.com.
for January 29 to February 1 at the Novotel London,
CAP Euro London is the group’s largest conference
of the year and has emerged as the iGaming affiliate
marketing world’s signature event.
very pleased to announce PartyPartners.com as the
Platinum Sponsor to yet another CAP Euro event,”
said Lou Fabiano, President for CAP.
one of the true leaders of this industry, PartyPartners.com’s
presence is an ideal contribution to the overall spirit
of excellence in gaming that CAP Euro events have
come to represent.”
addition business networking, online marketing discussions,
advice panels and after-hours socialising, CAP Euro
London will also include the second annual CAP Awards
celebrating the most successful and innovative members
of the global Internet gaming community.
and AffClub.com are delighted to again be the Platinum
Sponsors at this year’s CAP Euro London Conference,”
said Jon Salmon, Chief Marketing Director for PartyPartners.com.
play a key role in helping to make our business a
success, which is why we see CAP as a ‘must
attend’ event where we can meet with existing
and prospective affiliates.
affiliates’ needs is of paramount importance
to us and, at the same time, we can talk to them about
marketing the best online gaming brands on the market.
Our aim is to set the world’s hearts racing
through great online entertainment.”
one of the world's leading online gaming companies
We currently operate brands in four major gaming areas:
poker, casino, bingo and backgammon.
is the world's largest online poker brand in terms
of number of players and revenues. You'll find a great
variety of poker games and tournaments, plus blackjack.
offers a wide selection of casino games, including
video poker, slots and roulette in an online setting
so you can play whenever you like.
is home to a vibrant community where you can enjoy
fun bingo games and exciting prizes.
We've also just launched PartyGammon.com (www.PartyGammon.com).
the world's oldest game, has moved into the 21st century
and on our website you will find a great variety of
Backgammon games and tournaments where you can test
The focus at PartyGaming is on fun, ease of use, reliability
and security. Our software and systems are at the
forefront of technological innovation, which allows
us to deliver cutting-edge game features and functionality.
slots at PartyCasino.com
Night Fever is full of iconic imagery from the film,
including the Odyssey disco, the Cuban heels and,
of course, the flares. There’s also an ultra-cool
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Impossible is packed with all the thrilling scenes
from the movie, including the legendary high-speed
train chase. You're sure to enjoy the high-octane
Godfather Slot is our greatest-ever ‘Gold Jackpot’
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making them grow progressively, as bets are made.
All four levels in Gold Jackpot can be won irrespective
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Gun slot game lets you earn your place as a fighter
ace and secure a big-money fortune and the title of
Top Gun. While your players take off for the skies,
they can pick up even more cash by defending themselves
from enemy bogeys in the thrilling bonus round.
Greatest Slot Games with Cryptologic And ITG - New
Marvel Slots, Cleopatra And Monopoly At Party Casino
PartyGaming announced a five-year agreement to license
a number of branded slot machine games including The
Fantastic Four, Hulk, Bejeweled, Cubis™, Street
Fighter, and Spider-Man. This agreement is with WagerLogic,
a wholly owned subsidiary of Cryptologic, the leading
online gaming software developer to the global Internet
gambling market. Cryptologic voted "Best Casino
Software" for several years in a row by the readers
of Gambling Online Magazine.
games are expected to be added to Party Casino, Party
Bingo and a number of PartyGaming's other gaming sites
over the coming months.
is known for the quality of its software and addition
of its premium content to our platform will ensure
that our customer offer remains second to none,"
said spokesman at PartyGaming.
are convinced that the expansion in the range of the
casino games with greater entertainment will help
attracting new online players to the Party Casino.
Games from ITG
Further to the addition of Cryptologic games posted
yesterday, PartyGaming announced today their five-year
agreement to license a number of branded slots games
from WagerWorks Inc., a wholly-owned subsidiary of
International Game Technology Inc ("IGT"),
the world's largest manufacturer of gaming machines.
The games that will be added as per the agreement
are Cleopatra®, Monopoly with Pass "Go"
Bonus, Cluedo and Wheel of Fortune® Hollywood
versions of each of these games will be added to Party
Casino, Party Bingo and a number of other gaming websites
over the coming months. Broadening ever-increasing
product base will help PartyGaming brands to offer
one of the best selection of slot machine games for
Packed PartyCasino Captures The Terminator and Rambo
In July PartyGaming announced that Party Casino has
agreed an exclusive four-year licensing arrangement
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Results Decline Slightly
25th November 2008
online gaming provider PartyGaming has released its
results for the third quarter of the year showing
strong growth in its casino, bingo and sportsbetting
businesses but a decline in revenues from poker.
revealed that poker revenues for the third quarter
were down to $65 million from the $76.3 million it
earned during the same period last year. The firm
stated that this was due to lower player frequency
and yield and also reported that nine-month revenues
from poker decreased one percent to $218.9 million.
revenues from its casino business grew 25 percent
to $45.9 million for the third quarter from the $36.7
million it reported for the same period last year
due to higher player numbers and yields. Nine-month
revenues from its casino business fared even better
by increasing 33 percent to $135.8 million.
addition, its sportsbetting division reported that
revenues grew by 19 percent for the quarter to $5.1
million from the $4.3 million it reported for the
same period last year due to continued growth in live
betting. It declared nine-month revenues from sportsbetting
of $14.1 million, which was 29 percent up on the $10.9
million it acknowledged for last year.
the good news, bingo revenues were up by 143 percent
to $1.7 million for the short-term from the $700,000
announced for 2007’s third quarter due to a
growth in the firm’s UK business. Just as spectacular,
nine-month revenues from bingo increased 106 percent
to $3.7 million from 2007’s $1.8 million.
PartyGaming reported total revenues of $117.7 million
for the quarter, which was $300,000 less than last
year’s third quarter, alongside an eleven percent
rise in nine-month results to $372.5 million.
are making solid progress on executing our strategic
plan, albeit against a challenging economic backdrop
and strengthening US Dollar,” said Jim Ryan,
Chief Executive Officer for PartyGaming.
Gaming CEO Discusses Future of Online Poker, by Earl
Burton - Poker News Daily - 6th January 2009
recent news in December of Party Gaming co-founder
Anurag Dikshit’s plea bargain with the U.S.
Department of Justice thrust the company back into
the spotlight. Now, in a December 28th interview with
Financial Times, new Chief Executive Officer Jim Ryan
has announced his plans for returning the company
to the lofty perch it once held.
article, written by Roger Blitz, points out that it
has been a very difficult couple of years for the
one-time monolith in the online poker world. After
its initial public offering (IPO) on the London Stock
Exchange in 2005, Party Gaming was valued at almost
£5 billion. Since the departure of U.S. players
due to the Unlawful Internet Gambling Enforcement
Act (UIGEA) in 2006 and the subsequent decision by
then-CEO Mitch Garber to withdraw from the market,
Party Gaming’s value has fallen to under £1
billion. However, as Blitz states, there could be
“a light at the end of what has been a long,
dark tunnel” for Party Gaming.
light that Blitz refers to is the mid-December decision
by Dikshit to succumb to Department of Justice pressures
and plead guilty to violations of the Wire Act of
1961. In submitting his guilty plea, Dikshit paid
a $300 million fine and could face a two year jail
term, although sentencing will not occur until 2010.
He continues to assist the United States Government
in its investigations into online gaming.
the article, Ryan - who took over for Gerber in June
of 2008 - states that Party Gaming is currently in
discussions with the U.S. Department of Justice regarding
the company’s liabilities, but wouldn’t
go into great detail. The article did discuss that
the shares of Party Gaming on the London Exchange
have grown to 200 pence each and that a deal with
the U.S. government is looming sometime this month.
asked about the future of the company, Ryan was upbeat
about Party Gaming’s abilities in not only online
poker, but also in a realm of online gaming options.
“This is a marathon, not a sprint,” Ryan
is quoted as saying in the Financial Times article
by Blitz. “We have been chasing quarterly profits,
but the market has become so competitive, you’ve
got to know where you’re going. We’re
not so much slowing down, but keeping ourselves focused.”
three year plan that Ryan has set for Party Gaming
is something that he believes that other online gaming
companies want to do, but his company already does.
The Financial Times quotes Ryan as saying that the
company, since its exodus from the U.S. market, has
built a complete gaming operation that is focused
on all aspects of the online world, including poker,
casino, sports betting, bingo, and backgammon. “[We
offer] different products with one back office platform,”
he explains in Blitz’s article. “One deposit,
one account – it’s a one stop shop. That
is still the main strategic objective for a number
of our competitors and we have it already.”
also states that he sees a day when the online gaming
world will be vastly different than what is out there
today. While poker remains the focus of Party Gaming,
Ryan sees over the next three years that there will
only be five online poker operators of any consequence.
Party Gaming at this time ranks fourth in that equation
- something that “hurts,” according to
Ryan - but his quote in the Financial Times piece
looms large: “We need to retake the hill and
position ourselves to be that leader again.”
Poker News Daily)
Gaming Full-Year Results Released
Poker disappoints in latest financial numbers
11, 2009 (InfoPowa News) -- Party Gaming plc may have
started out as a primarily online poker destination,
but the performance of this sector of its wider group
activities was disappointing last year, judged by
the 2008 full-year financials released this week.
Poker net revenues declined by $21 million to $274
million (2007: $295 million).
Elsewhere the outlook was rosier, with online casino
net revenues up $31,8 million to $176 million; the
more recent sportsbetting venture up $1.9 million
to $18 million and Bingo up $2.4 million to $4.9 million.
Total net revenues reached $472.9 million, down $3.1
million on the corresponding period in 2007 after
a "non-recurring net revenue adjustment"
of $18.2 million.
Other highlights included:
* Continuing Clean EBITDA up 29 percent to $144.2
million (2007: $111.7 million); total Clean EBITDA
up 53 percent to $133.3 million (2007: $87.0 million)
* The addition of DM plc and CIRSA to the Party Gaming
portfolio of business-to-business (‘B2B’)
* Cash flow from operations before working capital
movements up 23 percent to $132.5 million (2007: $107.6
million) with group cash after client liabilities
and progressive prize pools of $70.3 milion.
Commenting on the results, Jim Ryan, PartyGaming Chief
Executive Officer, said:
"We are pleased to announce another strong set
of results with Clean EBITDA from Continuing operations
up 29 percent to $144.2 million. Our business model
is both flexible and robust with a capacity to generate
strong cashflow. Our brands and market position are
strong and we have a healthy balance sheet with which
to execute our business strategy. I believe that we
are in an excellent position, not just to withstand
the macroeconomic challenges that may lie ahead, but
also to execute our strategy, create value for all
of our stakeholders and achieve our long-term objective
of becoming the world’s most valuable online
Regarding current trading he added:
“In the 5 weeks ended 4 February 2009, average
gross daily revenue was $1,442,900. In poker, new
player sign-ups increased to an average of 1,494 per
day, and there were on average 51,000 active players
per day generating average gross daily poker revenue
of $756,700. In casino, gross revenue was $597,200
per day. In sports betting gross win per day was $75,700
and in bingo, average gross daily revenue was $13,200.
In the four weeks ended 4 March 2009, average gross
daily revenue was $1,536,200. In poker, new player
sign-ups averaged 1,550 per day and there were on
average 51,100 active players per day, generating
average gross daily revenue of $738,500. In casino,
average gross daily revenue was $662,500; in sports
betting, average gross win per day was $123,000; while
in bingo it was $12,200.
“The Group has continued to make good progress
in the first few weeks of 2009 despite the pressures
of a highly competitive market and substantial year-on-year
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