A year after becoming a listed company on the London Stock Exchange, PartyGaming Plc has published its interim results for the six months to 30 June 2006. The company declares that its non-US gambling revenue is up 151%, and that continued growth in poker and very strong growth in casino has increased revenue as a whole to US$661.9 million, a 51% rise on 2005 (US$437.4m).

Despite the US legislators’ efforts, online gambling is still a growing activity for Americans. This is evident from the extra US$224.5 million revenue made this half compared to one year ago, of which only US$90 million is accredited to non-US customers.

Commenting on the interim results, Mitch Garber, Chief Executive Officer, said: “PartyGaming has delivered a strong first half performance. These results demonstrate the strength of our business model and also the potential to grow our business through investment in the development of new products and new territories outside North America.

“Our ability to adapt and innovate has ensured that we remain the clear market leader. The recent additions of backgammon and an exclusively non-US facing sportsbook should add momentum to our expanding international revenue base, assisted by the forthcoming launch of multi-lingual versions of our games and marketing initiatives in a number of new territories.”

He added, “Whilst regulatory uncertainties continue, the Board remains confident about the Group’s full year prospects.” Total real money sign-ups rose 19% to 519,532, with 46% of second quarter sign-ups coming from outside the US. Operating profit rose 67% to US$319.3 million. (E-09.07.06)

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