PartyGaming chief executive Mitch Garber is “extremely confident” that discussions with the US Department of Justice (DoJ) over a financial settlement with regard the company’s previous activities in the US will be concluded before the year is out.
According to Garber, such a resolution could herald a stampede of merger and acquisition (M&A) activity within the sector. “As an industry, once the DoJ situation is cleared, I believe there will be a very busy M&A market,” he said.
He added that as “the leader in online gaming, the most compliant and the most conservative” PartyGaming would be a consolidation target. “I think we are the prettiest girl at the dance,” he concluded.
Garber was speaking at the publication of the gaming giant’s fourth quarter key performance indicators which showed group revenue over the quarter rising 52% to US$120m (£60m) compared with last year. However, poker revenue declined 3% quarter on quarter. The company said this was the result of a restructuring of the groups’ loyalty programme.
In the four weeks since period close, Party said it had seen an improvement in the loyalty scheme situation with the amount of bonuses and PartyPoints deducted from revenue falling from 19% in the fourth quarter to between 14% and 15%.
Poker revenue year on year was up 23% to US$72.6m while casino revenue shot up 156% over the same period in 2006 to US$42.3m. The company said that cross-selling “remained the main source of growth” in this product area. The sports-betting operation, PartyBets, saw revenue rose 50% over the 2006 figure to US$5.1m. PartyBets has been promoted heavily in the UK within the past three months, with a series of adverts appearing on UK TV screens.
There were signs within the statement that PartyGaming was suffering alongside others from a marketing crush in Europe. “Along with a number of competitors, PartyPoker has lost a small amount of market share to those sites that continue to take bets from players located in the US and other countries from which we will not accept players for regulatory reasons,” the statement added.
Showing posts with label PartyBets. Show all posts
Showing posts with label PartyBets. Show all posts
January 31, 2008
November 15, 2007
A Recipe For Success?
On the back of fans’ community website MyFootballClub agreeing to take control of Conference side Ebbsfleet United, internet based sportsbook PartyBets.com is offering a range of odds on what will be achieved.
With due diligence now set to take place, it is expected that the 20,000 members will take control of a 51% stake in the club in the next few weeks. Edging closer to the January transfer window, the members may decide on bringing a big name to the club to really put them on the map. If they do indeed decide to go down this route, you can get 20/1 on Teddy Sheringham joining the club, whilst Jimmy Floyd Hasselbaink is 50/1. Anyone fancying an outside bet can take advantage of odds of 500/1 that Jens Lehmann will be an Ebbsfleet player by the beginning of next season.
Instant success will be something that the members will be hoping for to attract more people to invest, as well as raising the profile of the club. Ebbsfleet are 15/1 to win promotion to the Football League this year, while it is a 250/1 shot that they will steam roll their way to the Premiership in the next five years.
A PartyBets.com spokesman said, “This is a really novel concept with such a huge number of members having equal voting rights on everything from formations to which players to sign. It really is all about the small guy taking on the world and for that it would be brilliant if the MyFootballClub story is a success.”
Markets
Ebbing on Success
Can Ebbsfleet achieve their dream?
Ebbsfleet to be a Premiership club in the next 5 years 250/1
Ebbsfleet to be a Premiership club in the next 10 years 50/1
Ebbing closer
Can Ebsfleet gain promotion this season?
Ebbsfleet to be promoted in 2007/2008 season 15/1
Aiming High
Can Ebbsfleet attract the big names?
To Be a Ebbsfleet player by start of 2008 season
Ray Parlour 15/1
Teddy Sheringham 20/1
Robbie Fowler 50/1
Jimmy Floyd Hasselbaink 50/1
Jens Lehmann 500/1
With due diligence now set to take place, it is expected that the 20,000 members will take control of a 51% stake in the club in the next few weeks. Edging closer to the January transfer window, the members may decide on bringing a big name to the club to really put them on the map. If they do indeed decide to go down this route, you can get 20/1 on Teddy Sheringham joining the club, whilst Jimmy Floyd Hasselbaink is 50/1. Anyone fancying an outside bet can take advantage of odds of 500/1 that Jens Lehmann will be an Ebbsfleet player by the beginning of next season.
Instant success will be something that the members will be hoping for to attract more people to invest, as well as raising the profile of the club. Ebbsfleet are 15/1 to win promotion to the Football League this year, while it is a 250/1 shot that they will steam roll their way to the Premiership in the next five years.
A PartyBets.com spokesman said, “This is a really novel concept with such a huge number of members having equal voting rights on everything from formations to which players to sign. It really is all about the small guy taking on the world and for that it would be brilliant if the MyFootballClub story is a success.”
Markets
Ebbing on Success
Can Ebbsfleet achieve their dream?
Ebbsfleet to be a Premiership club in the next 5 years 250/1
Ebbsfleet to be a Premiership club in the next 10 years 50/1
Ebbing closer
Can Ebsfleet gain promotion this season?
Ebbsfleet to be promoted in 2007/2008 season 15/1
Aiming High
Can Ebbsfleet attract the big names?
To Be a Ebbsfleet player by start of 2008 season
Ray Parlour 15/1
Teddy Sheringham 20/1
Robbie Fowler 50/1
Jimmy Floyd Hasselbaink 50/1
Jens Lehmann 500/1
November 08, 2007
PartyBets doubles up with Sporting Index
PartyGaming, the world’s leading listed online gaming company, has launched a comprehensive fixed odds horse racing service on its PartyBets.com platform through an alliance with Sporting Index. The new service features full coverage of UK, Irish and premier international race meetings including unique early prices, ante post markets and specials.
All horse racing odds compilation and associated trading advisory services for PartyBets.com are being provided by Spin Services, a newly created wholesale division within Sporting Index. The PartyBets racing service launch is also being supported with an innovative promotion where winnings are doubled on the first and fifth bet for all new customers.
A spokesman for PartyGaming said: “The traders at Sporting Index are well known for being amongst the very best in the industry and have made the company the recognised world leader in spread betting. Teaming up with Sporting Index to expand our fixed odds betting services is a winning combination.”
Richard Glynn, CEO of Sporting Index, said: “Spin Services has been designed to assist the wider gambling and gaming industry with all its trading needs. We are delighted to be enabling PartyBets to offer its customers a first-class comprehensive horse racing service.”
http://www.partygaming.com/images/docs/070811_Sporting_Index.pdf
All horse racing odds compilation and associated trading advisory services for PartyBets.com are being provided by Spin Services, a newly created wholesale division within Sporting Index. The PartyBets racing service launch is also being supported with an innovative promotion where winnings are doubled on the first and fifth bet for all new customers.
A spokesman for PartyGaming said: “The traders at Sporting Index are well known for being amongst the very best in the industry and have made the company the recognised world leader in spread betting. Teaming up with Sporting Index to expand our fixed odds betting services is a winning combination.”
Richard Glynn, CEO of Sporting Index, said: “Spin Services has been designed to assist the wider gambling and gaming industry with all its trading needs. We are delighted to be enabling PartyBets to offer its customers a first-class comprehensive horse racing service.”
http://www.partygaming.com/images/docs/070811_Sporting_Index.pdf
October 10, 2007
Refunds On All Losing First Goalscorer Bets If Owen Goes Off Before First Goal
Internet based sportsbook PartyBets.com (www.PartyBets.com) is guaranteeing best odds on England to win Euro 2008 for a limited period and will refund all losing first goalscorer bets if Michael Owen is substituted before the first goal in Saturday’s game with Estonia.
Anybody logging on to the PartyBets.com platform between 10am-2pm BST on Saturday will be guaranteed to be able to take advantage of the best price on the market for the ‘Three Lions’ to win the trophy in Austria and Switzerland next summer. Users looking to take advantage of the best price would be advised to visit the site early as the side will be priced up at a tasty 9/1 when the promotion kicks off.
PartyBets.com is also offering punters a special insurance on all first goalscorer bets in the Estonia game; If Michael Owen goes off before the first goal is scored, all losing first goalscorer bets will be refunded up to a value of £20.
A PartyBets.com spokesman said, “The ‘Owen insurance’ is something that is sure to be popular with our customers. Unfortunately, there is usually only one thing as certain as a Michael Owen goal and that is that he will not last the full 90 minutes.”
PartyBets.com England v Estonia Specials
G-Owen to the finals
Can Michael Owen once again inspire England?
Owen to score and England to win 8/5
Hat-Trick Heroes
Will an English player demolish the minnows?
An England player to score a hat-trick 16/1
Robbo's Woes
Can things get any worse for Paul Robinson?
Robinson to score an own goal 33/1
Robinson to concede a penalty 8/1
Robinson to be sent-off 14/1
Hotshots
Who will come out on top between England's strikers?
Owen to outscore Rooney 7/4
Rooney to outscore Owen 9/4
Both players to score the same amount 6/1
Neither player to score 11/10
Anybody logging on to the PartyBets.com platform between 10am-2pm BST on Saturday will be guaranteed to be able to take advantage of the best price on the market for the ‘Three Lions’ to win the trophy in Austria and Switzerland next summer. Users looking to take advantage of the best price would be advised to visit the site early as the side will be priced up at a tasty 9/1 when the promotion kicks off.
PartyBets.com is also offering punters a special insurance on all first goalscorer bets in the Estonia game; If Michael Owen goes off before the first goal is scored, all losing first goalscorer bets will be refunded up to a value of £20.
A PartyBets.com spokesman said, “The ‘Owen insurance’ is something that is sure to be popular with our customers. Unfortunately, there is usually only one thing as certain as a Michael Owen goal and that is that he will not last the full 90 minutes.”
PartyBets.com England v Estonia Specials
G-Owen to the finals
Can Michael Owen once again inspire England?
Owen to score and England to win 8/5
Hat-Trick Heroes
Will an English player demolish the minnows?
An England player to score a hat-trick 16/1
Robbo's Woes
Can things get any worse for Paul Robinson?
Robinson to score an own goal 33/1
Robinson to concede a penalty 8/1
Robinson to be sent-off 14/1
Hotshots
Who will come out on top between England's strikers?
Owen to outscore Rooney 7/4
Rooney to outscore Owen 9/4
Both players to score the same amount 6/1
Neither player to score 11/10
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