PartyGaming says profits and merger are going to plan
11 April 2012
Online gambling group PartyGaming today said it was on track to match City forecasts for its full year, and that its planned merger with rival bwin is still on course to go through by the end of March.
Chief executive Jim Ryan said: "Revenues in the fourth quarter have enjoyed their usual seasonal upturn.
"Casino has performed particularly strongly, with double-digit revenue growth over the third quarter, although currency movements meant that the uplift in poker has been less pronounced than usual.
"The merger with bwin remains on track to complete at the end of the first quarter and should place the combined group in a strong position to take advantage of the changing regulatory landscape in Europe."
