PartyGaming is on the lookout for purchases after revealing good results and it is looking to a opening of the US market if the law changes in the States.
The online poker, casino and betting company has reported EBITDA (earnings before interest, tax, depreciation and amortisation) of $135m for the year to the end of December 2009, down from 2008 but ahead of forecasts. It said that current business was in line with board expectations, although gross daily revenue went back by by 1% in the 1st 2 months of 2010.
Las year it bought Cashcade, an online bingo site, and the World Poker Tour (WPT). It is said to be talking to Austrian gaming group Bwin.
In the United States, moves by senators to legalise and regulate online gambling were a step in the right direction although prospectsin the country remain uncertain.
Party Gaming shares moved up 1.5p to 304.5p on the news.
