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Posts Tagged ‘Ryan’

Party Gaming Announces New Direction

Sunday, March 28th, 2010

Jim Ryan is PartyGaming’s CEO and he is excited about the things happening at the online casino. There is now a new marketing strategy for the brand. It is taking the casino away from its former poker strength, and into a more well-rounded vision of gambling. There is a new three-part strategy coming together. The first part is called the “pure play”. This is where casino visitors who currently come to the website for poker, are going to be coerced into testing out other games. According to Ryan, these are the players the casino is most adamant about keeping. He stated that in the past, the casino has gained a strong base of poker players and created a huge database of players. It was a great advatnage to the casino because the cost of building up that base has not been particularly high over the years. The problem is that it has built up a customer base, but hasn’t really made the PartyGaming website as competitive as it needs to be in the market today. In fact,the casino’s CEO readily admits that operators were lax in developing the casino into other forms of gambling– a problem it is trying to rectify now. The main goal of the operators now is to rebuild the casino so it is able to compete with others in the market in 2011 and beyond.

On top of that, the Party Gaming casino is going to offer branded games with jackpots that are huge. The point is to create life-changing payouts that people compete for. Ryan also said that the company is bringing 50 new games to the market this year alone. The casino is focused on branding these new games so players associate great gaming with Party Gaming’s name. The second part of their promotion is to create huge payouts that are known to be life-changing in the market. The main advantage of the casino is that its operators know full well how to build outstanding promotions. Take advantage of the casino– not only because its operators are knowledgeable, but also becasue it is a casino that is hungry for new players and most likely will continue to bring new games and specials to its visitors.

Party Poker Announces Another Promotion

Sunday, March 28th, 2010

Online site Party Poker has major events on the way with the announcement of their French release. Poker in France has become widely popular over the past two years with well-known players such as Bertrand “Elky” Grospellier and Antoine Saout directing the way on the world wide market. As a result, many newer players have taken to the virtual games with the goal of creating in the potentially lucrative online poker gaming world. This is an exclusive deal with PMU made to take advantage of the sweeping poker trend in France. The deal will see Party’s poker software being used in conjunction with the pari-mutual horse racing company PMU to provide a new gaming site for French players. For now the project is in transition while both entities are waiting for their licensing to come through but once the technicalities are completed the website should be up and running very quickly.

PartyGaming’s CEO, Jim Ryan is ecstatic. He is pleased with the company’s recent business deal, stating that it is consistent with their plans to expand and secure the services of a number of high-value partenrships. This is one of the best thing about the gambling world- there are a wide number of affiliations going on at any given time and they only make for better gaming for the customer. Companies online are highly competitive and need to create the best promotions to bring more and more people in. The world of internet gambling is also growing quickly and technologies are moving towards better and better gaming capabilities. Only the companies that manage to maintain a dynamic and fresh use of technology mixed with great bonuses are going to remain lucrative throughout the next few years. The US is working to legalize and regulate online gaming and that means that there is a huge industry focus on the development of the market. Now that the recession is over, poeple are just starting to move back into their old spending habits and hopefully that includes gambling. It will take time to get completely back to normal, but things are looking good. Casinos are showing some growth and that’s great news for operators.

2009 Not a Good Year for Party Gaming

Thursday, March 25th, 2010

2009 was a hard year for many industries due to the recession. Almost every industry suffered huge losses as a result of the heightened unemployment rate, diminishing home values and the overall burst of the credit bubble. One casino that suffered and noted its losses was Party Casino. The company, which is a parent company of Party Poker and Party Casino has posted its 2009 numbers. The numbers show that Party Gaming had lower revenues and even some losses during the financial crisis. The overall revenue was $446.2 million which is $26.7 million less than the revenue generated in 2008. The poker revenue for 2009 was $77.3 million less ($196.7 million) than 2008’s revenue of $274 million. All other sectors including the casino games, bingo, and sports betting had revenue that actually exceeded Party Gaming’s expectations for 2009. Industry experts claim that the lower gambling revenue for Party Gaming is a direct result of the settlement that was made with the US government last year, when they agreed to pay $105 million in a non-prosecution agreement with regard to activities in the United States prior to the UIGEA. On the positive side, Party Gaming purchased the World Poker Tour tournament series.

Chief executive officer of Party Gaming, Jim Ryan said, “We delivered a solid performance during 2009 which demonstrated the resilience of a business model that continues to generate strong cashflow, even in the most challenging of circumstances. Leading brands and market position, supported by a strong balance sheet underpin our business strategy. With some acquisitions and major B2B deals already under our belt, we plan to do more in 2010 and I believe we are on course to meet our objective of becoming the world’s most valuable online gaming company.” Now that Party Gaming is in complete compliance with US laws, they should be able to focus all of their efforts on developing their various gaming brands, and increase their global ad budget. Hopefully this will help the company to turn things around in 2010. Gambling is headed for huge growth throughout the next few years and Party Gaming is a premiere website. It may be able to turn things around and take advantage of the huge gaming numbers being projected by experts today.

Finally a Casino Posts a Positive Growth in Revenue

Wednesday, March 24th, 2010

Part of the problem of the recession is that it affects everyone– from the small business to the large corporation, the recession changes people’s outlooks and their actions. That does have a good sign, however. People Leading online gambling operator PartyGaming, owner of PartyCasino, has revealed that its fourth quarter revenue has risen by 32% to $132.2million; this has been achieved by large acquisitions of companies including cashcade and a strong performance in its online casino and sports betting areas. The great thing about this website is that it has outstanding games and a good reputation. The adjusted earnings before interest, taxes, depreciation and amortization and now likely to be slightly ahead of the board’s expectations; with new player sign-ups in the quarter rising 3% to around 213,000. “While the regulatory picture in some countries remains uncertain, the momentum towards creating commercially viable and regulated markets is strong,” said CEO Jim Ryan. “Quarter 4 finished even stronger than we had anticipated, largely due to casino,” says KBC Peel Hunt analyst Nick Batram. “Meanwhile, poker has delivered its first quarterly sequential revenue growth since Q1 2008. This is yet another example of management delivery.”

It’s a great website and anyone who is new ot gaming should take a look at it. The PartyCasino.com website has a wide variety of games to choose from and anyone– from an expert to the novice player– should be able to find games that they enjoy. Now that the economy is out of the recession, it’s time for customers to once again start reaping the benefits of online gaming at a premiere gaming facility. Remember that competition in the gambling world is high and to say that one casino stands above the rest is big news. The fact that Party Casino can hold up against bigger and more long-lasting casinos means that it has the special attributes that gamers want. It has a huge variety of games, huge wager requirements for players with any bankroll to enjoy, large bonuses, a great rewards program and monthly tournaments to enjoy. Make sure you check it out and see for yourself how much this online casino has to offer.

Party Gaming Projects a Lucrative 2010

Tuesday, January 26th, 2010

Party Gaming is an online gambling company that is popular throughout the world of virtual gaming. It’s best known for its online poker room called PartyPoker.com. The company is based in Gibraltar and is on the London Stock Exchange. Currently the website offers PartyPoker.com, PartyCasino.com, PartyBets.com, PartyBingo.com, PartyGammon.com and PartyMarkets.com. It is a huge company that offers a wide range of games to the public. For anyone who wants outstanding gaming, it’s a great place to start in the online world.

The company had some good news recently. So far preliminary reports show that Party Gaming may perform better than what was previously expected. The group will release its official financial report in February but experts and insiders are speculating that the company will do better than expected.  The preliminary reports also showed that the company is planning an expansion into Italy and France in the coming year. Jim Ryan, CEO of Party Gaming, said, “Returning poker to growth has been a key focus for us. We are pleased to see that the initiatives introduced throughout the year are now feeding through into both operational and financial performance with increased player numbers and average net daily revenues versus the previous quarter, despite continued competition from illegal US-facing sites and the difficult macroeconomic climate.”

The good news comes at a good time for the company. The recession hampered many companies and changed the face of business altogether. The unemployment rate’s plummet was the main contributor to the economic downturn because it hampered people’s ability to spend. Everyone cut back—regardless of socioeconomic status and that’s what made the recession so unique. When people began cutting back, businesses suffered one by one. Now, jobs are being created, but slowly. It is taking a while for everything to turn around and experts are saying that true signs of economic recovery may not be seen until mid-2010.

Party Gaming is in a prime position for growth though and that’s great news for operators. They are taking the time in the near future to focus on building the brand and developing new products for the gaming public. Hopefully the company will continue on its successful growth rate and become an even bigger entity in the world of online gambling.