A slight revenues decline for the third quarter was reported on Wednesday 19th Nov by online gaming company PartyGaming, reflecting the effects of a sharp rise in the U.S dollar.
The report reveals lower revenue of $117.7 million for the third quarter compared with $118.0 million from a year ago period. Net revenue per day was $1.279 million, marginally lower than $1.282 million from a period a year ago.
The US dollar has had an apparent ''adverse'' impact on revenues yet benefited costs incurred in Euros and Sterling.
Ultimately Poker is the main sales generator. Its revenues fell contrasting a strong growth in casino, sports betting and Bingo. Poker revenues decreased 15% from $76.3 million the previous year to $65.0 million, due primarily to reduction of unique players and their frequency of play.
PartyPoker claims that poker trading in the period was affected ''adversely'' by their new loyalty programme. It claims that unplanned downtime in august and planned downtime for the launch of the next generation of PartyPoker affected poker revenues.
Contrastively Casino revenues rose due to new games like Top Gun and The Godfather which increased player yields by 22%. Revenues rose from $36.7 million in the previous year to $45.9.
Contrastively due to increased betting volumes, sports betting revenue increased by 19%. Several new features were introduced at the end of September to PartyBets.com expecting to improve future revenue performance.
Contrastively driven by the success of ITV Bingo, the groups bingo white label in the UK, Bingo revenues grew 143% from $0.7 million last year to $1.7 million.
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