PartyGaming PLC’s shares are up 10% on the London Stock Exchange in their third quarter from casino and sports betting revenue. Their casino business began booming after gaining possession of Empire Online and Intercontinental Online Gaming for $66.6 Million. The casino line profited after customers lost disinterest in blackjack, which wasn’t a solid moneymaker, and gravitated toward other online gaming at the site.
One year ago, PartyGaming showed $93.3 Million in revenue and now it’s at $115.7 Million, which is a 24% increase.  It’s a positive sign because the company’s stock had lost three quarters of its value after the ban of transferring money to online gambling companies came about from US anti-gambling laws.
As part of their growth plan, PartyGaming struck a deal with ITV in September to provide casino and poker games on their website. PartyGaming’s CEO Mitch Garber stated, “The formation of business alliances with companies such as ITV are important steps towards achieving our full potential and we remain confident about the group’s prospects for the full year and beyond.” They are exploring partnerships with other companies and websites as part of their long term goals. Reportedly, their daily revenues are up 9% as of Thursday. They have had an estimated 1,300 in new players to their site as well as 65,000 current players.
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