PartyGaming half year revenue up 30%

[Big Paul]

PartyGaming is up 30% in revenue and this comes as good news after the powerful merger with bwin.com Below are some of the information of the half year report.

 

 

* Total revenue up 30% to €181.2 million (2009: €139.9 million) driven by acquisitions and strong growth in casino and sports betting.

* Continuing Clean EBITDA up 14% to €48.1 million (2009: €42.3 million).

* Continuing Basic Clean EPS of 6.0 Euro cents (2009: 6.7 Euro cents); Total Basic Clean EPS of 6.0 Euro cents (2009: 6.6 Euro cents).

* Transformational Proposed Merger with Bwin expected to complete in first quarter 2011.

* Solid progress in newly regulated markets (France and Italy); with Denmark on-track to open early in 2011.

* Net cashflow from continuing operations up 65% to €55.3 million (2009: €33.5 million) with net cash at 30 June 2010 of €146.8 million (2009: €166.7 million)