PartyGaming confident after results

PartyPoker owner PartyGaming today said it remained confident over prospects this year after unveiling better-than-expected interim…

PartyPoker owner PartyGaming today said it remained confident over prospects this year after unveiling better-than-expected interim results.

The company was rocked last October by US legislation outlawing online gambling, but half-year underlying earnings for the continuing business came in 29 per cent higher at €27.1 million and ahead of the €23 million predicted by analysts.

PartyGaming which saw its shares soar on the results, has embarked on an aggressive strategy to gain new players following the US ban and today reported an 83 per cent rise in new player sign-ups to 403,700 in the first half of the year.

"While regulatory uncertainties continue in a number of territories, the board remains confident about the group's prospects for the full year," the company said.

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