PartyGaming to Meet Earning Forecast

PartyGaming PLC has financially had a rough time of late after pulling out on the U.S. market in October announced that it expects second quarter earnings to match its forecast. The company said it is confident of its prospects for full year earnings.

This is in contrast to what PartyGaming said in May when it released a statement saying it would miss the full year earnings forecast due to distribution cost as a percentage of revenue had gone up.

Based on this optimistic news PartGaming shares have risen on the London Stock Exchange.

After the U.S regulation passed last year, British Internet Gambling companies have been struggling to fill the void left by U.S. players.