PartyGaming PLC, the company that owns and operates the world’s largest online poker room, PartyPoker.com, has reported a 151 percent increase in revenues generated outside the United States in the company’s interim results for the six months to 30 June 2006.

The increase is significant given the uncertainty over the online gambling industry in America, a Bill was passed by the U.S. House of Representatives that, if approved, would result in the tightening of laws regarding online betting in USA.

This would be a huge blow to the online gambling industry given that the majority of the world’s online gamblers are based in the United States and have traditionally been the core focus area for the major online gambling companies.

PartyGaming saw non-American gambling revenues rise to $149.8 million against an increase in its group by 51 percent to $661.9 million in the first half, while its online poker websites generated $502.7 million and online casinos $159.2 million in revenues respectively.

As such, PartyGaming pushed its pre-tax profits for the period up by 47 percent to $380 million which its has attributed to the large growth of its online casinos. PartyGaming also reported a 19 percent increase in new-player sign-ups to 519 532, 42 percent of which were outside the United States.

online-gambling-insider.com

partpoker