PartyGaming: Loses or Wins?

As it has been reported, PartyGaming – the leading online gaming operator – has made earnings before interest, tax, depreciation and amortization (EBITDA) share option charges of $550.7 million for the year to Dec 31, 2006. The previous year’s profit totaled $583.7 million.

A 5.7% fall can be explained by the fact that the company had to leave the US market that made up 75% of its profit. PartyGaming had nothing to do but to reorganize its business and focus on other markets like Europe, Middle East and Africa.

It must be noticed that the company is reviving now and it is undergoing through rising by 158% to $50.9 million. It sounds amazing especially taking into consideration that the company has lost US market.

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About Mark Newman

Mark Newman - was born in 1971 in Pictou, a town located on the beautiful Northumberland Shore of Nova Scotia, Canada. In 1998 he graduated from Acadia University (Nova Scotia, Wolfville) with the Master’s degree in social studies. Mark simply adores his wife and sons. Considers poker to be one of the most exquisite kinds of art and rarely misses his chance of practicing.