PartyGaming is a year old as a listed company and things are smoothing out after a rocky beginning on the London Stock Exchange. This is due in part to the extremely favorable financial gains in first quarter revenue and a record number of new player registrations at their sites.
The fast growing company has now added a new product to their stable, PartyGammon. With the recent popularity Backgammon has been enjoying the last few years, this addition is welcomed by millions of backgammon players world wide. PartyGammon joins PartyPoker offering free online games to backgammon and poker players.
The financial forecast for PartyGaming predicts their earnings will reflect a 50% earnings growth for this year. So why is the stock price so low? Two possible reasons have been discussed. First, the slated gambling legislation currently being debated in the U.S.Congress. It’s been estimated that over 80% of PartyGaming’s poker players live in the U.S. Until the legality of online gambling has been defined, investors maintain a ‘wait and see’ stance.
The second reason is the loss of PartyGaming’s top management. To complicate matters, the departed executives have been dumping their shares, leading investors to take an ‘approach with caution’ attitude.
Scientific Games (SG) Corporation will deliver lotteries, digital instant electronic games, and Wave retail lottery terminals from Sisal in Morocco. This is a valuable step towards the developer’s goal of significantly increasing its presence in the growing African lottery market. Sisal is one of the biggest Italian providers, which delivers, lottery, betting, AWP machines. In February 2018, it received a ten-year contract to operate the Moroccan lottery, which was released in January 2019.
Casino operator, Red Rake Gaming (RRG), has grown its presence in the Eastern European market following a partnership with Pokerdom, which it praises as one of the biggest providers in the region. As a result of this deal, the provider from Spain and Malta will distribute its lobby of slot games to Joker Online and Pokerdom. Red Rake Gaming continues to push the limits with new gaming concepts based on the experience of players in the game development cycle.
Pariplay, a leading content provider and aggregator of innovative products including the aggregation platform Fusion and the development program Ignite Studio, has revealed a collaboration with German gaming operator Ously Games. The deal marks a significant landmark for the provider, and for the first time, its portfolio of games will be made available to social casino fans through the SpinArena app at Ously Games Casino.
Debut on Social Casinos
