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.