A new report issued last week by online gaming giant, PartyGaming Plc., owner of the world's largest Internet poker room, PartyPoker.com, revealed that nearly 850,000 new players signed up with the firm in 2005, with 30% of them coming from outside the United States. The gaming giant also reported a massive increase in overall revenue.
The fourth quarter (Q4) trading update reported a 65% increase in revenue to $320.3 million as compared to $194 million for the same period in 2004. Net online poker revenues from PartyPoker.com (not including skins) were listed at $233.7 million, a 31% increase from Q4 2004. Daily revenue for the site was averaged at $2.5 million as compared to $1.9 million in Q4 2004.
The report said new real money players at PartyPoker.com increased to 229,227 during Q4, bringing new player sign-ups for 2005 up to 839,317£ nearly 40,000 more than PartyGaming had originally anticipated. Furthermore, over 30% of these players are residents of the European Union and Scandinavia. This comes as a relief to investors since the gaming giant had previously been almost entirely dependant on gamers residing in the United States, which has not yet legalized online gaming.
"Excluding the UK, Europe provided 7.5 percent of our group revenues in Q4 compared with Q3 2005 while the UK supplied 2.5 percent revenues for the same period. North American players provided 82 percent of our revenues compared with 84 percent in the same period," said Richard Segal, CEO of PartyGaming.