Online Casino Giant: A Story of Success
When Party Gaming, one of the world’s largest online casino groups, first offered its shares to the public in 2005, investors paid 116 pence for stocks. Never in this online casino company’s wildest dreams could it have imagined the crazy success that it is experiencing in the gambling world today. The online casino firm recently announced revenues for the first quarter of 2006, leading investors to push the company’s stocks up by nearly 5%, with shares valued at 151.75 pence. This is mainly due to the fact that so many people play at the online casino for entertainment purposes.
Party Gaming online casino firm announced a 54% increase in revenues within the first three months of 2006. Revenues from January to March 2006 stood at an incredible 200-million GB Pounds. A record number of players visited sites run by the online casino company. Interestingly, 39% of those who visited a Party Gaming online casino site were from outside the United States. The popularity of poker in the internet gambling world also helped contribute to these impressive numbers.
As mentioned before, stocks for this online casino company are on the rise as investors realize the huge potential of this gambling giant. Before the first quarter revenue announcement, industry analysts predicted the online casino firm would rake in 403-million GB Pounds for the entire year. After the announcement, these numbers have been adjusted to 427-million GB Pounds. It seems that there is no better entertainment business to be in at the moment like the online casino industry.