..

Revenues Way Up At PartyGaming

Written by:
Aaron Goldstein
Published on:
Mar/03/2011
PartyGaming

PartyGaming has reported a huge rise in revenues for the year 2010.

Revenues rose by 15 percent from 2009 to €357.3m (£300m) to €310.1m, with casino revenues jumping to €151.4m from €136.3m, bingo revenues more than doubling to €51.4m from €22.8m and sports betting climbing to €20.8m from €13.2m. Poker revenues fell to €124.8m from €136.8m.   Pre-tax profits fell to €43.8m from €57.4m.

“Partygaming is confident about delivering the cost and revenue synergies” already identified of 55 million euros per year by 2013,” Chief Executive Officer Jim Ryan said in the statement.

The company is expected to merge with Austria’s bwin by month’s end, making the combined group the biggest online gambling firm in the world. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

Satoshi Nakamoto a Troll Killer?

Satoshi Nakamoto a Troll Killer?

Cyber-bullying is a real thing and now punishable with up to a year in prison in Japan.

You Can Bet on the Price of Ethereum

You Can Bet on the Price of Ethereum

If you feel it's too risky to own some Ethereum due to price fluctuations, no worries.  Now you can simply place bets on where the price of Ethereum will be at various time frames.  You can also use Ethereum to place bets on BetOnline.

Granath v Wright Trial Concludes: Ruling Forthcoming

Magnus Grath vs. Dr. Craig Wright was set to determine if Grath's hateful tweets against Wright can be deemed as lawful in a Norway court.  Proving slander is not enough to have an individual held liable for their actions in the Nordic nation.  Those actions include allegedly mocking a man with autism, including the use of hashtags.

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

One witness claims to have seen the Bitcoin white paper provided by Dr. Wright prior to its launch. “It was like I’d seen a ghost," he testified after seeing the white paper years later when Bitcoin was already becoming all the rage.

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Canadian accounting firm MNP published a report in November 2021 titled “The Search for a More Efficient Blockchain,” found that BSV was the most efficient network of those it investigated. This was due to BSV’s unbounded transaction processing capacity and the network’s use of more up-to-date hardware.

Syndicate