Online Casino Revenues up dramatically this Year

6 May 2008

The online casino industry is alive and kicking as never before. Most online casino sites reports a stunning year with revenues rising through the skies. The 2006 UIGEA legislation caused severe damage to a majority of the industry, and most online casino companies faced a dramatic decrease in revenues. However, this year’s numbers witness an industry which has bumped right back on its feet and is doing better than ever.

The online gambling operator PartyGaming announced that their revenues are up by 21% in the first quarter of the year. The revenues rose from $106.2 million in the first quarter of 2007 to $128.9 million this year. Its online casino operations turned out best this year with a 45 % increase, as opposed to 13% on poker and 17% on sportsbetting. PartyGaming hopes to continue the growth next quarter, by launching their new Italian business, a number of new branded slots and a completely new product vertical.

The Swedish online casino and gambling group Betsson has done even better. Their revenues went up 54 massive percent. The company claims that the number of active customers went up by 43 % in the last quarter of 2007 as it targeted five new markets. This growth continued the first quarter of 2008 with another 20%. Betsson had most success with its online casino products this year, which went up with 7.4%, whereas their poker sites did not do as well this year as 2007. The Bettson sportsbook generated 18% of the company’s total revenue, and presented a slight rise on 3% compared to last year.

Related Headlines: