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.
Pragmatic Play, an online casino provider, has entered into an agreement to deliver its bingo game offering to United Kingdom-based casino operator, BetVictor. With a live launch in the first quarter, the entire suite of successful bingo content will appear on the BetVictor platform, including the groundbreaking Reels Room and Bingo Blast.
Oryx Gaming has unveiled its complete turnkey solution online to Croatian land-based provider, Senator. According to the deal, the Croatian company will have access to the Oryx Hub, Oryx RGS, and various third-party casino content.
EGT Digital is pleased to announce a collaboration with Lithuanian brand, MrSlotty. The Bulgarian company, EGT, will have the opportunity to deliver to its customers the latest gaming content from the provider. Also, they will profit from the advanced platform and third-party content from the Lithuanian operator. By accumulating a wide range of third-party games, EGT will be able to deliver its premium content to providers around the globe.
Meeting Players’ Needs
