UK Online Gambling Business Shows Gains Since Dropping US Market

Gambling News - February 6th, 2010 - Written By Glen

PartyGaming, what was once the largest online gambling enterprise in the world, had crumbled after the passing of the Unlawful Internet Gambling Enforcement Act. PartyGaming's stock had dropped, revenues had been hit the floor. For the first time since America had attempted to oust online gambling, PartyGaming had shown a highly positive stream of income.

In the fourth quarter of 2009, PartyGaming had seen a 32 percent rise in their sales. PartyGaming's poker and casino gambling had shown the most steady increase. In the fourth quarter of 2008, revenue had equaled $100.4 million dollars. The final quarter of 2009 saw a jump in revenue to $132.2 million dollars.

The year of 2009 held many changes for party gaming. Anurag Dikshit, one of the founders of PartyGaming, had sold most of shares in the beginning of the year, then a new acquisition had been added to the PartyGaming brand. The World Poker Tour, one of the leading series of poker tournaments in the world, was absorbed by PartyGaming.

PartyGaming, particularly their poker site, had brought them to be the largest publicly traded gambling company in the World. They had been larger when they could utilize the United States market, but they continue to show strong profits. While there are still many USA Online Gambling sites, many players yearn to see PartyGaming back on the US Market.