PartyGaming Q-4 revenues up 32%

February 3, 2010  

PartyGaming Plc

(“PartyGaming” or the “Company” and, together with its subsidiaries, the “Group”)

Fourth Quarter Key Performance Indicators and Trading Update

 Highlights

Group revenue up 32% versus the prior year and up 17% versus the previous

Strong performance in casino and a return to growth in all product verticals were key

Clean EBITDA for the year ended 31 December 2009 expected to be slightly ahead of

PartyPoker now the largest poker liquidity pool excluding US-facing sites

January trading in-line with the Board’s expectations

Commenting on the Group’s full year revenue and fourth quarter KPIs, Jim Ryan, Chief Executive Officer, said: “We enjoyed a strong fourth quarter with a return to growth in all four product verticals but with a particularly strong performance in casino and sports betting. Having recaptured the number one spot in the world in terms of poker liquidity2 and with our integration of Cashcade and the World Poker Tour (‘WPT’) well on track, our performance in the first four weeks of 2010 has been in-line with the Board’s expectations and we remain confident about our prospects for the full year.

“With the introduction of ring game poker, casino and bingo anticipated in Italy in the first half of 2010, the opening of the French market later this year and Denmark in 2011, we believe the outlook remains positive. Whilst the regulatory picture in some countries remains uncertain, the momentum towards creating commercially viable and regulated markets is strong. With some of the world’s largest gaming sites in poker, casino and bingo, and opportunities to further consolidate the online gaming sector, we are confident about our future prospects.” the Board’s expectations factors in the quarter resulting in higher Clean EBITDA margins than expected quarter to $132.2m (2008: $100.4m) making $446.2m for the full year (2008: $472.9m)

Source : Partygaming PLC

http://www.partygaming.com/prty/en/mediacentre/pressreleases/financialnews