PartyGaming Income

PartyGaming, which is soon acquiring Bwin Interactive, posted a profit during the first half of the year. The increase was due largely to an increase in casino games and online sports betting.

According to the company’s report, net income was $26 million which compares significantly and favorably to a loss of more than $60 million a year ago.

The company reported that online casino play continues to be popular with its users, with sales jumping 23 percent to $100 million in the first half of the year. Thanks to the popularity of this year’s World Cup, the company also reported that its sports betting arm benefited with a climb equal to 89 percent. While the company reported a bit of a drop in online poker playing during the World Cup, sports betting did increase. Other online sports betting sites have reported the same thing.

PartyGaming and Bwin reported last month that the sites would be joining forces; when the deal closes next year, the result will be the world’s largest publicly traded online gaming company, according to company officials.

PartyGaming reported that it added 80 games during 2009 and will add 50 more during 2010.