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Last Updated: Thursday, 14 December 2006, 08:14 GMT
Partygaming deals poker pick-up
Playing card and betting chips
Analysts predict a round of mergers in the online gaming industry
Gambling firm Partygaming has seen online poker revenues pick up as it recovers from the US crackdown on internet gaming.

Daily poker revenues averaged $721,000 (�366,000) in the past four weeks, up from a low of $637,000 in October.

The company pulled out of the US market after the US toughened up anti-gambling laws, effectively making it illegal for firms to collect money there.

Partygaming used to make 75% of its earnings in the US.

As a result of its withdrawal from the US market, the company has cut 945 jobs, or 41% of its workforce.

Excluding sports betting, Partygaming said that overall daily revenue in the four weeks to 11 December had averaged $921,000.




SEE ALSO
Partygaming 'considering merger'
29 Oct 06 |  Business
Partygaming dealt $250m US bill
20 Oct 06 |  Business
Gaming firms exit US for just $2
13 Oct 06 |  Business
Gaming firms plan for US upheaval
13 Oct 06 |  Business
Misery continues for gaming firms
03 Oct 06 |  Business
US gaming ban hits UK firms most
02 Oct 06 |  Business

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