Strong fourth quarter for Partygaming

Group revenue1 up 32% versus the prior year and up 17% versus the previous quarter to $132.2m (2008: $100.4m) making $446.2m for the full year (2008: $472.9m).
Strong performance in casino and a return to growth in all product verticals were key factors in the quarter resulting in higher. Clean EBITDA margins than expected Clean EBITDA for the year ended 31 December 2009 expected to be slightly ahead of the Board’s expectations.PartyPoker now the largest poker liquidity pool excluding US-facing sites January trading in-line with the Board’s expectations.
Commenting on the Group’s full year revenue and fourth quarter KPIs, Jim Ryan, Chief Executive Officer, said: “We enjoyed a strong fourth quarter with a return to growth in all four product verticals but with a particularly strong performance in casino and sports betting. Having recaptured the number one spot in the world in terms of poker liquidity2 and with our integration of Cashcade and the World Poker Tour (‘WPT’) well on track, our performance in the first four weeks of 2010 has been in-line with the Board’s expectations and we remain confident about our prospects for the full year.
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