In The News - Coverage of the Online Poker Boom  Party Poker revenues surge by 50%
Online gambling group Partygaming has unveiled soaring sales - and a renewed focus on growth outside the US. Revenues were up 50% to $319.3m (£172.7m) in the three months to June, from $214.8m the previous year. full article
Poker boosts Partygaming revenue
Partygaming has seen its first quarter revenues up by 54% to $342.6m following a record number of people signing up to play poker online. full article
Poker firm in bumper share offer
Partygaming, owner of online poker firm Partypoker, is to raise up to $1.9bn in its initial share offer. The firm will seek a London stock market listing later this month in what will be the City's biggest flotation for almost four years. Shares will be priced at between 111 pence and 127p, valuing the firm at between £4.4bn and £5.1bn. The firm, which runs the Partypoker website, is the latest to try to tap into booming demand for online gaming. full article
Sportingbet boosts online gamers
Shares in internet gaming companies have risen after Sportingbet said its profits had more than quadrupled, boosted by revenue from online poker. Sportingbet, which unveiled pre-tax profits of $71.5m for the year to 31 July, saw its shares rise by 9.4% to 314 pence on Wednesday.full article
Betting boom boosts Partygaming
Partygaming has reported a 65% jump in sales as it racked up a record number of new online poker players. The company behind Partypoker, the world's biggest online poker room, said group revenue rose to $320 m in the three months to December. full article
Online poker operator worth $9.2 billion
PartyGaming Plc, the world's largest online poker operator, will be valued at as much as 5.08 billion pounds ($9.2 billion) when it sells stock in an initial public offering this month to capitalize on the growth of Internet gaming. full article
While the popularity of televised poker tournaments has helped drive business to casino poker rooms, online poker sites may be equally, if not more responsible, for the surge in casino traffic. full article
Online poker is a multi-billion dollar industry, and its phenomenal growth is set to continue. full article
'My job? I play poker online'
Despite having attended one of the world's best universities, Mark Maxwell prefers to play for a living. Play poker online, that is. full article
The growing allure of online poker
So what is it that makes the online poker so attractive and why has the value of the global market more than tripled in size to close to $1.5bn (£827m) over the past two years? full article
Investors rush to online poker float
Shares in PartyGaming, the online poker business on the brink of a multibillion pound float, were last night said to have been more than three times oversubscribed. The company is due to float 21% of its shares on the stock market on Monday. full article
PartyGaming Sales Jump 49% as Customer Numbers Climb
PartyGaming Plc, the world's largest online poker company, said second-quarter sales increased 49 percent as more gamblers made wagers on the PartyPoker Web site. Revenue in the three months ended June 30 climbed to $319.3 million from $214.8 million a year earlier, the Gibraltar-based company said today in a Regulatory News Service statement. full article
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