Revenues soar at PartyGaming

Casino games, bingo and sports betting drove revenues higher at PartyGaming in the year to 31 December, offsetting weakness from the company's poker operations.Revenues rose by 15% from the previous year 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.During the year PartyGaming announced its merger with bwin, the gambling group that sponsors the football team AC Milan. The tie-up is expected to complete on 31 March.Chief executive Jim Ryan said trading is still strong."In the two-month period ended 28 February 2011, average gross daily revenue was €1,431,800 (Q410: €1,425,400)," he said.