In a statement issued following Sportingbet’s annual general meeting, independent director Sean O’Connor said the company was “trading in line with market expectations and our ongoing European and Australian businesses and non-US Paradise operations continue to perform well. Following the recent restructuring of the company, we are establishing a platform form which to build momentum.”
In a research note issued yesterday, Dresdner Kleinwort said PartyGaming’s trading update revealed “a sharper and quicker initial drop in revenue post 13 October, offset by a strong rebound in recent weeks”. Party’s house broker said the operator’s restructuring post-US legislation had been a success, revenues had stabilised and poker was recovering.
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