Better profits predicted in PartyGaming’s books:

PartyBingo is operated by PartyGaming where its profits for 2007 are predicted for the year 2007. This is the reason why PartyGaming’s CEO is in a bullish mood for the year 2008.

 

PartyGaming’s CEO claims that the company follows its four pillar strategy which is growth of the player base, broadening of the product base, acting responsibly when playing bingo and localization of the customer offer. All this ensures a solid platform for growth for the company.

 

The revenue PartyGaming managed to rake in during 2007’s fourth quarter had increased to 52% with $120 million. The revenue for the whole year was $448.2 million which is a great increase over the revenue for the previous year, which was $324.7 million. In addition to all this, the average gross daily revenue for the first four weeks of 2008 had also climbed by 1%.

 

PartyGaming, like most online bingo operators and online bingo halls too had suffered huge losses because of the Unlawful Internet Gambling Enforcement Act in the US. This law had effectively put out all non-US gaming operators from the US market.

 

With this information, it is proven that the company is working on compensating its loss and aims at making more money for the bingo online and overall gaming industry. 

 

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