In response to the news, a Party Gaming spokesman stated, “The integration of the business is progressing well”. Indicating that the company were “pleased with its performance to-date.” UUmmm? Who isn’t going to be please with rising revenues? Especially in this day and age, with the current world recession, eating its way through the economy. According to Party Gaming, this months trading has been good, and the company are “confident about the Group's full year prospects.” Indeed, if the current trend sticks, the future for Party Gaming is looking very sweet.
The Cashcade sites include some of the leading online Bingo websites around; Think Bingo; Cheeky Bingo; Bingo Scotland; Foxy Bingo, and Little Big Bingo. Just to name a few! These sites alone, have around 15700 registered players. Who, from July through September, spent almost $10 a day. CEO for Party Gaming, Jim Ryan feels that the company’s performance was “ seasonally weak” this third quarter. Although, “in line with our expectations”. Even so, Ryan is more than aware, the acquisition of Cashcade has “transformed” Party Gaming presence. And, Ryan believes it “was the driver behind the substantial increase in our bingo revenue.” Nevertheless, the online Bingo industry is worth around $1.5 billion. And, you can bet you bottom dollar, Party gaming haven’t finished, getting their share of the market, just yet!
This was an articles by LJ for Bingo Faces on Party Gaming - Cashcade
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