Partygaming profits in the first quarter of 2007

After the US Gambling regulation act, that led many to think how it would affect gaming business and which detours gaming companies would take to survive, the facts are finally out. Partygaming, a Gibraltar based online gaming company has shown profits once again. In its first quarter for this year, the company reported revenues to be up by 26% as compared to last year. The active player days also increased drastically by 129% reported company officials. The main reason for success, stated the officials, has been their focused strategy to increase the number of people signing up. With that aspect taken care of, rest has been easy. Signups for real money games crossed everyone’s expectations to touch a growth of 117%. The group intends to further invest in increasing the active player base of the company. It is forecast that such investments would further help to fuel the earnings and the profits of the company. Among all offerings in this quarter, the game of backgammon generated $6000 per day of average gross revenues.

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