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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Partygaming | PRTY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 193.40 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 193.40 |
| Top Posts |
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Posted at 07/4/2011 09:24 by bleepy 07:00 bwin.party digital - Proposed revision to State Lottery Treaty RNS RNS Number : 4631E bwin.party digital entertainment 07 April 2011 7 April 2011 bwin.party digital entertainment plc ('bwin.party' or the 'Company') Proposed revision to State Lottery Treaty bwin.party, the world's largest publicly listed online gaming company, notes yesterday's announcement by the conference of minister-presidents in Germany regarding the basic principles of a licensing model. bwin.party believes that this proposal is neither in compliance with EU law nor in-line with market requirements. At the same time, the Company welcomes the decision of the state of Schleswig-Holstein to retain the licensing model already submitted to the EU for notification. This provides for the regulation of all online gaming products and a tax of 20 per cent of gross gaming revenue on sports betting, poker and casino. Norbert Teufelberger, Co-Chief Executive Officer of bwin.party said: "Implementation of the principles presented by the minister-presidents yesterday is just as likely to fail as the outgoing monopoly model in Germany. A proposed tax rate of 16 per cent on the stakes placed in sports betting would make it impossible to offer a competitive product. Furthermore, excluding poker and casino products from this licensing model will continue to drive consumers into the black market. This would mean that the proposed model would fail to meet its objectives of channelling consumer demand, offering player protection and combating fraud." bwin.party intends to apply for a licence in Schleswig-Holstein and would also pay the requisite tax there should Schleswig-Holstein continue with its current proposals. The Company also renewed its appeal to the states to implement a regulatory model in line with the realities of the market. Such regulation would have to include online poker and casino. Only through such a comprehensive regulatory model will it be possible to extinguish the existing huge black market. As far as the 16 2/3 per cent tax on sports wagers is concerned, this will mean that Germany would become another example of a country that fails to deliver a successful regulatory framework for online gaming because of an uncommercial fiscal regime. According to H2 Gambling Capital sports betting represents only a small part of the existing online gaming market in Germany. Although online gross gaming revenues generated in Germany in 2010 are estimated at approximately 771 million euros, sports betting accounts for only 293 million euros, with about 190 million euros attributable to the poker segment making Germany one of the world's largest online poker markets. Online casino gaming is estimated to have generated gross gaming yield in 2010 of approximately 263 million euros. Only if all these areas are incorporated into a regulated market will Germany have coherent, EU compliant regulation and be in a position to ensure that players are protected and that online games are secure. bwin.party looks forward to considering the final resolutions of the Prime Ministers as well as the final form of the regulations, the necessary notification of the new State Treaty on gaming to the European Commission and ratification by the state parliaments. Norbert Teufelberger added: "We trust that these proposals will undergo the necessary corrections so that the new regulations will govern the entire German gaming market in a coherent and consistent manner in line with EU law." Conference call There will be a conference call for analysts and investors to put questions to both Norbert Teufelberger and Jim Ryan, Co-CEOs of bwin.party regarding today's announcement. The details of the call are as follows: Thursday 7 April, 2011, 3.00pm UK time (4.00pm Central European Time) Participant Dial No: +44 (0) 203 003 2666 UK Toll Free: 0808 109 0700 Details of 7-day playback UK Toll Access Number +44 (0) 208 196 1988 Conference reference 7675672 Contacts: bwin.party digital entertainment plc Investors Peter Reynolds +44 (0) 20 7337 0100 Konrad Sveceny +43 (0) 50 858 20017 Media John Shepherd +44 (0) 20 7337 0100 Matthias Winkler +43 664 305 0000 This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 31/3/2011 10:23 by bleepy Following share price of BPTY on the following:Hubshank Are you starting a new thread for BPTY or perhaps just changed the header and login details |
Posted at 25/3/2011 12:38 by srpactive I think once the US opens and the US investorsjoin in we will see 200p very soon even today. dyor regards active |
Posted at 21/2/2011 12:59 by daz1966 Are online betting firms a gamble?Mon, 21/02/2011 - 11:35 | James Hipwell Could online gaming companies be among the stockmarket investments to make in 2011? The listing of Betfair (BET) at the end of October on a fancy multiple and the $3.3 billion megamerger between bwin and PartyGaming (PRTY), due to complete in the first quarter, appear to have added lustre to the sector recently. Then there is the prospect, albeit a slight one, of the liberalisation of the US online gaming industry that has put the industry firmly on the radar of investors both sides of the Atlantic. It is understandable, as even a cursory look at the stockmarket gains of the biggest online gaming companies between 2004 and 2006 reveals how quickly fortunes were made - and lost. The iGaming Global Top 30 index, made up of the 30 biggest online gaming companies, soared 40% between July 2004 and August 2005. This was followed by 12 months of extreme volatility before tanking, thanks to a controversial piece of legislation in the US. Since 2006, online gaming's backstory has been dominated by the US Unlawful Internet Gambling Enforcement Act (UIGEA). The multibillion-dollar global industry virtually collapsed after its biggest market - the US - was closed down overnight when Congress introduced a surprise clause to legislation that September, in effect making internet betting illegal - a blow for investors and a hugely expensive move. British-based companies were among the biggest casualties. As soon as the London Stock Exchange opened the following Monday morning, shares in PartyGaming - then a FTSE 100 (UKX) member - slumped by 58%, while rivals 888 Holdings (888) and Sportingbet (SBT) saw their shares slide by 26% and 64% respectively. An estimated £4 billion was wiped off the sector's value. Companies were forced to concentrate on other global opportunities, but the businesses have never fully recovered from the shock of losing their most lucrative market. Last year, online gambling was worth an estimated $5.4 billion (£3.5 billion) overall, a figure that could rise to $16 billion if the US market was opened up, analysts say. There is renewed hope that a winning hand may soon be dealt to the sector. Back in July, Barney Frank, Democratic chairman of the House of Representatives Financial Services Committee, renewed his protracted campaign to repeal the UIGEA, which prohibits the transfer of funds from a financial institution to 'illegal' internet gambling sites. On 28 July, American lawmakers on the Financial Services Committee voted by 41-22 to approve the move, meaning that legislation can now be introduced (Frank's Internet Gambling Regulation, Consumer Protection and Enforcement Act) that would seek to regulate many forms of online gambling. As a result of his efforts, Frank (who does not gamble) has been praised by online gamblers - as well as many Republicans - and vilified by gambling opponents. But his once-controversial views on online gambling may be becoming orthodox. One banker working in the industry says: "The argument in favour of regulation, as opposed to prohibition, is beginning to become mainstream, even in America." You can see why if you glance at the forecast numbers. With the US nationwide unemployment rate at 10%, 48 of 50 states facing budget shortfalls, and a federal deficit approaching $1.3 trillion, the economic backdrop against which to promote regulation and taxation of internet gambling has arguably never been more favourable. The US government's non-partisan accountants, the Joint Committee on Taxation, estimate online gambling could generate up to $42 billion in new revenue by 2019, depending on the number of states that opt into a federal regulatory programme. Online gaming, say Frank and his supporters, is a multibillion dollar, job-generative reservoir just waiting to be tapped. With the US economy in such a mess, can the country really afford to miss out on the bonanza that regulation and taxation would bring? "We are seeing things from a legislative perspective that are quite exciting for us," says Jim Ryan, chief executive of PartyGaming, whose comments reflect the mood of a growing contingent of gambling operators in the US and UK. There has been speculation that PartyGaming and bwin have decided to merge at this time precisely because they will be better placed than any other operator to seize a huge market share should the US decide to legalise online gambling. Analysts agree the enlarged company is in a strong position. In a recent note to investors, Morgan Stanley leisure analyst Vaughan Lewis said: "With its expertise...market-l And in a Barclays Capital note, the investment bank said: "In the event of federal regulation, we believe PartyGaming would be the likely key beneficiary. "Under this hypothetical scenario, we estimate the potential [underlying profits] uplift could be 94% for PartyGaming and 58% for bwin and 888. On a state-by-state hypothetical scenario, we estimate the uplift for the group would be considerably lower, but still meaningful." Stakeholders in the US are finally understanding the risks and implication of a 'do nothing' strategy. With billions of dollars out there to harvest and market share to win, the entire online gaming sector looks ripe for an upturn in coming months. Investing in online gaming companies has always been a white-knuckle ride and there looks to be every sign that this particular circus is once again rolling back into town. This article was taken from the February 2011 issue of Money Observer. |
Posted at 04/2/2011 07:35 by dealy I have not seen anything that points to a change in the business environment globally for gaming. Countries need the tax revenue and it's better to have regulated gambling than black market gambling.Party and Bwin are mature businesses with strong balance sheets and excellent customer bases. There has been no new recent event that should cause investors to question the validity of their business model - imho |
Posted at 15/1/2011 22:19 by shayadfn I'd be surprised if any serious investor would consult the Daily Mail for his/her investment decisions- (I'm a holder of prty and this is not an encouragement to sell/hold or buy Prty). But I guess nothing would surprise me- There was a time when we used to have fun with names like 'Hunt'. We used to ring up our secretaries and get them to ask if our client 'Mike Hunt' had called in. |
Posted at 17/12/2010 07:41 by bleepy RNS Number : 1482YPartyGaming Plc 17 December 2010 PartyGaming Plc ("PartyGaming" and, together with its subsidiaries, the "Group") Pre-Close Trading Update Ø Revenue overall has been in-line with expectations with a strong performance in casino mitigated by a softer seasonal performance in poker and bingo Ø Clean EBITDA margins for 2010 expected to be in-line with previous guidance Ø Prospective regulation in new markets offers exciting medium to long-term revenue potential that may require additional investment Ø Merger with bwin remains on track Trading since the end of September 2010 has been solid overall with a particularly strong performance in casino that has enjoyed double-digit growth in average daily gross revenue versus the third quarter, driven by growth in both turnover and hold. Poker has also seen growth in average daily gross revenue over the third quarter, although the usual seasonal pickup has been less pronounced than in previous years due to the strengthening of the euro against the US dollar. In bingo, average gross daily revenue has grown versus the current trading data reported at the time of our Q3 KPIs, but remains lower than the third quarter. This is due to the strengthening of the euro against sterling and seasonality, as UK-based bingo players typically reduce their spend in the run-up to Christmas. While sports betting has continued to deliver a solid performance in the period, the benefit of the World Cup during the third quarter as well as a favourable series of results for punters has meant that average daily gross revenue in sports is down versus the third quarter. In respect of margins, we expect that full year Clean EBITDA margins for 2010 will remain in-line with our previous guidance of between 27% and 28%. An increasing number of territories are now actively exploring the merits of a regulatory framework for online gaming. In Europe, the Group is continuing to monitor closely Germany, Greece, Holland, Denmark and Spain as well as other countries. Whilst the shape and scope of any such regulations is not yet known, should some of these markets move to regulate, additional gaming taxes and investment may be required to ensure that the Group's long-term revenue potential is maximised. There continues to be much movement in the US towards regulating online gaming both at the Federal and State level. Should the requisite legislation be enacted, the Group is well advanced in discussions with licensed companies in the US that could create substantial value for the Group's shareholders. Proposed Merger with bwin It is expected that the shareholder documents associated with the proposed merger will be issued shortly with an extraordinary general meeting of shareholders expected to be convened for late January 2011. The proposed merger remains on course to complete during March 2011. Commenting on today's announcement, Jim Ryan, Chief Executive Officer, said: "Revenues in the fourth quarter have enjoyed their usual seasonal upturn. Casino has performed particularly strongly with double-digit revenue growth over the third quarter, although currency movements meant that the uplift in poker has been less pronounced than usual. Clean EBITDA margins are expected to be in line with our previous guidance for 2010. "The proposed merger with bwin remains on-track to complete at the end of the first quarter and should place the combined group in a strong position to take advantage of the changing regulatory landscape in Europe given its leadership positions across all key product verticals." Contacts: PartyGaming Plc +44 (0) 20 7337 0100 Peter Reynolds, Director of Investor Relations John Shepherd, Director of Corporate Communications This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 04/11/2010 10:34 by outfly Merger UpdateTIDMPRTY RNS Number : 6087V Partygaming Plc 04 November 2010 4 November 2010 PartyGaming Plc ('PartyGaming') and bwin Interactive Entertainment AG ('bwin') Merger on Track The boards of PartyGaming and bwin have become aware of some speculation in the market concerning the proposed merger of both companies. Both companies confirm that the process is on track and the merger is expected to complete in the first quarter of 2011. Contacts: PartyGaming Plc +44 (0) 20 7337 0100 Peter Reynolds, Director of Investor Relations John Shepherd, Director of Corporate Communications bwin Interactive Entertainment AG +43 (0) 50 858 20017 Konrad Sveceny, Investor Relations This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 19/8/2010 09:57 by bleepy bwin Half Year Financial Report 2010 19 Aug 2010Announcement by bwin Interactive Entertainment AG ("bwin") Below is the text of an announcement issued today by bwin. Half Year Financial Report 2010 Key financial indicators (pro forma consolidated, unaudited) EUR million Q2 10 Q2 09 % YoY H1 10 H109 % YoY Gross gaming revenues 127.2 95.1 33.7% 260.4 212.8 22.4% Net gaming revenues 100.4 77.8 29.2% 209.7 179.9 16.6% Total revenues 112.5 96.7 16.3% 232.6 216.1 7.6% EBITDA (adjusted*) 11.0 15.1 -27.0% 41.3 51.1 -19.2% EBITDA (adjusted* excl. German Soccer League) 11.0 9.7 13.4% 41.3 40.9 0.9% EBIT -3.0 0.0 n.a 15.1 21.9 -30.9% Result after tax 2.8 0.1 n.a 14.7 19.1 -22.7% Highlights of business development in Q2 2010 Record turnover for sports betting due to successful Soccer World Cup underscores market leadership Promising start to sports betting and poker in France at end of Q2 Result temporarily affected by intensive preparations and start-up costs in lead-up phase in calculated move in anticipation of further regulation of online gaming markets in Europe First mover: Competitive advantage achieved by targeted marketing campaign in France immediately after granting of licence Poker and casino affected by World Cup and seasonal trend Significant growth for games Q2 2010 (pro forma consolidated) Gross gaming revenues of EUR 127.2 million, or EUR 113.8 million excl. Gioco Digitale (Q2 2009: EUR 95.1 million) Sports betting margin 7.2% (Q2 2009: 5.9%) Net gaming revenues of EUR 100.4 million, or EUR 93.1 million excl. Gioco Digitale (Q2 2009: EUR 77.8 million) Record number of active customers: 1,381,000 active and 360,000 new active real-money customers (plus 30.7% and plus 43.5% respectively) EBITDA (adjusted*) of EUR 11.0 million (Q2 2009: EUR 15.1 million, or EUR 9.7 million excl. effects of German Soccer League marketing rights) Result after tax of EUR 2.8 million (Q2 2009: EUR 0.1 million) Merger of bwin and PartyGaming Implementation of merger on schedule with conclusion expected in Q1 2011 Proposed merger with PartyGaming opens up new opportunities strategically, financially and operationally Consolidated company will be market leader in poker, sports betting, casino and games, particularly bingo Merger to ensure optimal positioning to take advantage of growth potential due to regulation of European and international gaming markets * Excluding non-cash expenses in connection with share-based payment (IFRS 2) and one-off effects in connection with proposed merger. The complete half year financial report 2010 can be found online on the bwin investor relations website at www.bwin.org, and here where it can also be downloaded in pdf format. |
Posted at 27/8/2008 16:42 by tonytwotouch this might enlighten on whats been going on peeps.......August 25, 2008 Private shareholders lose £48bn on investments since credit cruch started Christine Seib Britain's millions of private shareholders have had £48 billion wiped off the value of their investments since the credit crunch hit last summer. Amateur investors who plunged money into familiar brands and those who clung to privatisation and demutualisation stocks were the worst hit, financial advisers say. Shrewder investors who picked less-well-known mining and oil companies prospered. Ben Yearsley, the investment manager for Hargreaves Lansdown, said: "You've had the popular names and free shares falling, which has added up to a torrid year for private shareholders." Research by Capita Registrars indicates that total private shareholdings hit a peak of £209 billion in May last year. By July last year, however, they were down to £196.4 billion and at the end of last month they had shrunk to £161 billion. Related Links * Taxpayers face £1bn Northern Rock loss * Cost-cutting tactics generate bad news Multimedia * Graphic: The shrinking nest egg Investors sold only £1 billion of shares in the year to July, which means that the decline was due almost entirely to the plunging value of their holdings rather than to their flight from the market. The slump in share prices has added to the souring of consumer confidence. Feeling poorer, asset owners are less inclined to spend. Declines in house prices have wiped a further £400 billion from personal wealth levels in Britain over the past year, according to PricewaterhouseCoope Roger Lawson, of the UK Shareholders Association, said that it had been a poor year for small investors, particularly those who held on to free shares acquired in demutualisations. Financial stocks have been the worst affected by the credit crunch. "Private shareholders tend to be buy-and-hold investors, whereas the big institutions have been dumping shares and short-selling, which has driven share prices down further," Mr Lawson said. "Private investors have been left holding the baby." Mr Yearsley said that retail investors' taste for recognisable brands had also cost them dearly. "All the big household names have been hammered," he said, noting that companies such as BT, Marks & Spencer and British Airways tended to be most popular with private shareholders. Some investors, however, timed the commodities market to perfection and made a £230 million profit since last July, Capita said. The registrar said that investors bought £1.5 billion of oil, mining and gas stocks between last August and March this year. Oil and gas shares peaked in May, up 23 per cent compared with the previous July, while mining stocks soared by 57 per cent. Private shareholders dumped £1.2 billion of natural resources stocks in May, at the top of the market, and then sold a further £350 million in June. John Roundhill, director of Capita Registrars, said that by the end of July retail investors' holdings of commodities stocks were flat on the previous July, at slightly less than £50 billion. He said: "Far too often private investors are derided for simply following market trends. Time and again our research shows this isn't true." Retail investors began to get nervous about an economic downturn two years ago and started selling cyclical stocks, such as banks, industrials and consumer services, according to Capita. |
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