The world\’s biggest online gaming group posted a 54% rise up to $342.6 million in quarterly group revenues and announced an all time high 263,000 new real money poker sign-ups (2005: 214,108), 39% of which were from outside the US (2005: 16%).
Th record number of new real money poker signups helped to increase active poker player days by 28% to 13.95m. Net poker revenue was up by 23% compared with the previous year and up by 9% versus the final quarter of 2005. The yield per active poker player day was stable at $18.5 compared both year on year and to the previous quarter.
The successful addition of blackjack in October 2005 drove the average daily casino revenues substantially ahead of those generated in the first quarter of 2005. While the launch of PartyCasino.com in February 2006 was the main reason behind a 10% increase up to $37.7 in the yield per active casino player day.
“I am pleased to report that we have made a strong start to 2006. The first quarter has seen continued strong growth in poker on the back of a record number of poker sign-ups. Blackjack has remained robust with net revenue averaging $0.7 million per day whilst the introduction of PartyCasino.com two months ago, as part of the fully integrated Party-branded platform, has exceeded our expectations and lifted overall net casino revenue (including blackjack) to over $1.0 million per day,” commented Martin Weigold, Party Gaming Finance Director.
“This quarter also saw the launch of the first of our multi-lingual websites. PartyPoker.com is now offered in English, French, German, Portuguese, Spanish, Swedish and Russian. More foreign language versions are going to be rolled out later in the year along with our multi-currency offering.”
“The launch of backgammon, the first of our two new games this year, is imminent nd should provide an additional revenue stream for the Group as well as broaden the appeal of our Party-branded platform,” added Weigold.
On April 6 PartyGaming successfully reintegrated the skins acquired over the past few months, EmpirePoker.com, MultiPoker.com and IntertopsPoker.com, so providing further liquidity to the group\’s poker players.
Mitch Garber is to succeed Richard Segal as Chief Executive on April 19.
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