Wednesday, August 18, 2010

PartyCasino: The World's Leading Online Casino; A PartyGaming Company

PartyCasino: The World's Leading Online Casino

New Players get up to $500 sign up bonus at PartyCasino.com

PartyGaming also operates casinos, online poker rooms and bingo through various websites, including PartyCasino.com, PartyPoker.com, PartyBingo.com, WPTCasino.com and WPTPoker.com

PartyCasino is the Group’s most popular casino brand by far although other brands include CasinoKing and CasinoLasVegas.com The Group's casinos offer a huge variety of over 150 games including slots, blackjack, roulette, and video poker. As well as these traditional online casino games, the Group also offers virtual horse and virtual dog racing as well as multi-player blackjack.

Except for casino tournaments, all players place bets against the house, and the outcome is determined by randomly generated results. Wager limits vary from $0.01 to $1,000, depending on the game. Casino revenue represents the net win, being the amount wagered less player winnings and any change in liability of progressive prize pools. Bingo revenue represents player buy-in less prize payouts.

In 2007, the Group’s casino product was substantially improved through a series of software upgrades, the addition of a number of new slot machines and the integration of the acquisitions from EOL and IOG. Casino, which includes bingo games, is the Group’s second largest business segment and in 2007 it generated Continuing revenue of $146.7 million (2006: $51.0 million) and Continuing Clean EBITDA of $43.6 million (2006: $15.9 million).

PartyGaming's principle brands include PartyPoker.com, PartyCasino.com and World Poker Tour

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Sunday, August 15, 2010

Virgin Casino Launches Two New Games‎

Virgin Casino Launches Two New Games‎

Virgin Casino, part of the leading online gaming company – Virgin Games, has today launched two new slots, Pharaoh's Treasure, by online games producer, Ash Gaming, and Spring Break, by Microgaming. Pharaoh's Treasure, which has an ancient Egyptian theme, has a progressive jackpot that can only be won at Virgin Casino.

Pharaoh's Treasure is a five-reel 20-line Vegas-style slot. The game features a progressive jackpot in the Tutankhamun's Tomb bonus round, as well as a wild symbol, scatter symbol with win multipliers, and free spins.

Spring Break features five reels and nine paylines and has symbols made in the style of spring vacation, with barbeques, beer and bikini clad girls! Features include a free spin bonus and a wild symbol.

Warren Eloff, Head of Products at Virgin Games, commented:

"I anticipate that Pharaoh's Treasure will be a very tempting game for our players, as when the progressive jackpot is won it's guaranteed that it will go to a Virgin Casino customer! We are committed to offering our customers the best quality and variety of games on the market and these new additions fit the criteria.

Founded in 2004, Virgin Games has over 1,000,000 players and over 200 games on its site. Through the introduction of a custom built Virgin Games platform in 2008, Virgin Games seeks to provide its players with the widest possible choice of casino games. A growing selection of games can be found at Virgin Games from a number of producers including Microgaming, WagerWorks, Cryptologic, Freemantle and Ash Gaming.

Notes to editors:

About Virgin Games:

Virgin Games (www.virgingames.com) launched in June 2004 and has quickly established itself as one of the leading gaming websites in the UK. Virgin Games comprises three distinct offerings:

Virgin Casino, offers content from a range of games suppliers including WagerWorks, Microgaming, Cryptologic, Freemantle and Ash Gaming, bringing consumers classic casino games like Blackjack and Roulette, as well as great feature slots like Monopoly, Rubik's, X-Factor and the highly popular MegaJackpots progressive games, with a current jackpot value of over £2,500,000

Virgin Poker, part of the Boss Media network, offers a huge array of games and content for beginners through to experienced pros – as well as the most generous loyalty scheme in the industry

Virgin Bingo, part of the Virtue Fusion network, offers cash prizes worth thousands of pounds in the progressive jackpots, as well as Virgin prize bingo and a range of unique Virgin Games bingo games.

*Sorry, no U.S or Australian players. See World Casino Directory

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Wednesday, August 11, 2010

Virgin Casino Launches Expert Roulette! by WagerWorks

Virgin Casino Launches Expert Roulette! by WagerWorks

LONDON, UNITED KINGDOM - Aug. 2, 2010 - Virgin Casino, part of the leading online gaming company – Virgin Games, has today launched Expert Roulette!, a new game from the online casino games supplier, WagerWorks.

Built upon the original version of the extremely popular Player's Suite® game, Expert Roulette! is the next generation of gaming excellence. The game has hyper-realistic outcomes players can trust, a clear layout for first-time players and advanced bet options for hard-core players.

Warren Eloff, Product Manager at Virgin Games, commented:

"Roulette games are always very popular with our players and I'm sure this new game will go down well with both roulette fans and new players alike. WagerWorks has listened to customer feedback about what they wanted to see in online roulette and produced this fantastic game with advanced bet options."

Founded in 2004, Virgin Games has over 1,000,000 players and over 200 games on its site. Through the introduction of a custom built Virgin Games platform in 2008, Virgin Games seeks to provide its players with the widest possible choice of casino games. A growing selection of games can be found at Virgin Games from a number of producers including Microgaming, WagerWorks, Cryptologic, Freemantle and Ash Gaming.

Notes to editors:

About Virgin Games:

Virgin Games (www.virgingames.com) launched in June 2004 and has quickly established itself as one of the leading gaming websites in the UK. Virgin Games comprises three distinct offerings:

Virgin Casino, offers content from a range of games suppliers including WagerWorks, Microgaming, Cryptologic, Freemantle and Ash Gaming, bringing consumers classic casino games like Blackjack and Roulette, as well as great feature slots like Monopoly, Rubik's, X-Factor and the highly popular MegaJackpots progressive games, with a current jackpot value of over £2,500,000

Virgin Poker, part of the Boss Media network, offers a huge array of games and content for beginners through to experienced pros – as well as the most generous loyalty scheme in the industry

Virgin Bingo, part of the Virtue Fusion network, offers cash prizes worth thousands of pounds in the progressive jackpots, as well as Virgin prize bingo and a range of unique Virgin Games bingo games.

*Sorry, no U.S or Australian players. See World Casino Directory

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Friday, August 6, 2010

PartyCasino Offers 10 Packages To Landmark Oktoberfest

PartyCasino Offers 10 Packages To Landmark Oktoberfest

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6th August 2010 – This year marks the 200th Oktoberfest and what promises to be the biggest, best and most memorable edition of one of the world’s biggest parties ever! Palladium VIP’s on PartyCasino.com can secure their place there very simply: be one of the first 10 players to collect 10,000 PartyPoints by playing slots and jackpot slots between 16th and 31st August and they will win a package.

A PartyCasino.com spokesman said: “Once all 10 packages have been claimed the promotion is over, so it is first come first served! The Palladium VIP hospitality at Oktoberfest is already legendary and with the big beer party celebrating its 200th birthday this year promises to be even bigger. PartyCasino.com has the most frequent game launches and largest jackpots in the industry so customers are spoiled for choice for games through which to earn the points needed to secure the trip to Germany’s biggest party.”

The package is from 24th – 26th September and includes:

·Two night’s accommodation, with breakfast, at a five-star hotel in Munich for the winner and a guest.
·Dinner with an open bar followed by a poker tournament in the Davidoff Lounge at the Allianz Arena.
·Activity or Spa treatment.
·Two passes to the Oktoberfest on Saturday night.
·Entry to a VIP party at Pacha nightclub.
·Exclusive VIP hospitality provided by Palladium VIP’s expert events team, on hand and available to you throughout your trip.

Please note that customers have to opt-in to this promotion.

PartyPoker.com also has 35 Oktoberfest prize packages available through a promotion that is running now until the 29th August. See: PartyPoker.com

Palladium VIP’s had a memorable trip to the Oktoberfest last year. See: Palladium Lounge

PartyGaming is regulated and licensed by the Governments of Gibraltar, Italy and France and by the Alderney Gambling Control Commission. The Group is also certified as a responsible gaming operator by GamCare, the leading UK authority on the provision of advice, practical help, support and counselling in addressing the social impact of gambling. PartyGaming’s shares are also a constituent member of the FTSE4Good Index Series, which enables investors to identify companies that meet globally recognised corporate responsibility standards.

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PartyGaming News: Half year report for the six months ended 30 June 2010

PartyGaming News: Half year report for the six months ended 30 June 2010

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

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

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

Transformational Proposed Merger with bwin expected to complete in first quarter 2011
Solid progress in newly regulated markets (France and Italy); Denmark is on-track to open early in 2011

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

* EBITDA/EPS before the provision for costs associated with the Group’s Non-Prosecution Agreement, reorganisation costs, and before non-cash charges relating to share-based payments (see reconciliation of Clean EBITDA to operating profit (loss) below).

# Operations located physically outside of the US but which relate to US customers that were no longer accepted following the enactment of the UIGEA.
Commenting on today’s results announcement, Jim Ryan, PartyGaming Chief Executive Officer, said:

“We delivered another robust financial performance in the first half and also made great progress in executing our strategy. While poker was impacted by the football World Cup and remained difficult from a competitive perspective, our other verticals continued to perform strongly. Total revenue was up 30% and Clean EBITDA from Continuing Operations was up 14% versus the prior year. As previously announced, Clean EBITDA margins in the first half were slightly lower than expected due to the delayed launch of cash game poker in Italy but we retain our previous full year guidance of approximately 28%, subject to the returns achieved on planned marketing spend in both France and Italy where we are continuing to expand the share of our respective poker networks.

‘‘Our proposed merger with bwin is a transformational opportunity for the Group and we expect that it will provide significant strategic, operational and financial benefits for the shareholders of both companies. Whilst there is much work to do ahead of completion in early 2011, we are excited about the prospects for what will then be the clear market leader in online gaming with strong positions in all key product verticals and territories.”

On current trading and outlook Jim Ryan added:

“Since 30 June 2010, the Group has continued to perform in-line with the Board’s expectations. Seizing a strong position in newly regulated markets is a key focus for us. Our strategy of combining a strong B2C franchise with significant local brands is already proving to be a powerful force as evidenced by our network’s position in French poker. As other markets follow Italy and France, we expect that a limited number of large networks and brands will emerge to become market leaders – we are determined that together PartyGaming/bwin will be one of them. This natural consolidation of the marketplace will accelerate through corporate mergers and acquisitions and as one of the largest players in the sector we remain committed to continue playing an active role. Whilst the macroeconomic and competitive environments remain challenging, we remain confident about the Group’s prospects for the rest of the year and beyond.”

Contacts:
PartyGaming Plc +44 (0) 207 337 0100
Peter Reynolds, Director of Corporate Affairs
John Shepherd, Director of Corporate Communications

Interview with Jim Ryan and Martin Weigold
An interview with Jim Ryan, Chief Executive Officer, and Martin Weigold, Group Finance Director, in video/audio and text will be available from 7.00am BST on 6 August 2010 on: http://www.partygaming.com and on http://www.cantos.com.

Analyst meeting, webcast, dial-in and conference call details: 6 August 2010
There will be an analyst meeting for invited UK-based analysts at Numis Securities, The London Stock Exchange Building, 10 Paternoster Square, London, EC4M 7LT starting at 9.30am BST. There will be a simultaneous webcast and dial-in broadcast of the meeting. To register for the live webcast, please pre-register for access by visiting the Group website (www.partygaming.com). Details for the dial-in facility are given below. A copy of the webcast and slide presentation given at the meeting will be available on the Group’s website later today.

Dial-in details to listen to the analyst presentation: 6 August 2010
9.20 am Please call +44 (0) 20 3003 2666
Title PartyGaming Interim Results
9.30 am Meeting starts
A recording of the meeting will be available for a period of seven days from 6 August 2010. To access the recording please dial the following replay telephone number:
Replay telephone number +44 (0) 208 196 1988
Replay passcode: 9050397#

About PartyGaming Plc

The Group is a constituent of the FTSE 250 share index with its shares listed on The London Stock Exchange under the ticker: PRTY. In the year ended 31 December 2009, PartyGaming’s Continuing operations generated revenue of €310.1m and Clean EBITDA of €93.8m.

PartyGaming is regulated and licensed by the Governments of Gibraltar, Italy and France and by the Alderney Gambling Control Commission. The Group is also certified as a responsible gaming operator by GamCare, the leading UK authority on the provision of advice, practical help, support and counselling in addressing the social impact of gambling. PartyGaming’s shares are also a constituent member of the FTSE4Good Index Series, which enables investors to identify companies that meet globally recognised corporate responsibility standards.

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Wednesday, August 4, 2010

PartyGaming to Report 2010 Half Year Results Friday

PartyGaming is all the rage these days with anticipation that the U.S. market could ultimately open up and with the announcement of its merger with Austria’s Bwin to create the world’s largest online gambling enterprise.

On Friday August 6 at 9:20 am London time, the company will announce its results for the first 6 months of 2010.

The Group will host a meeting for invited UK-based analysts on the day of the results and there will be a simultaneous webcast and dial-in broadcast of the meeting.

To register for the live webcast, please pre-register for access by visiting the Group’s website www.partygaming.com. Details for the dial-in facility are given below. A copy of the webcast and slide presentation given at the meeting will be available on the Group’s website later on the day.

An interview with Jim Ryan, Chief Executive Officer, and Martin Weigold, Group Finance Director, in video/audio and text will also be available from 7.00am BST on Friday 6 August at: http://www.partygaming.com and at http://www.cantos.com

Dial-in details to listen to the analyst presentation: Friday 6 August 2010

9.20 am Please call +44 (0) 20 3003 2666
9.30 am Meeting starts

(Credit: Gambling911)

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