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Old 12-12-2005, 02:13 AM
Sniper Sniper is offline
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Join Date: Jun 2005
Posts: 704
Default Re: PartyGaming (PRTY.L) - 12/8 Trading Update Conf Call

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I wonder what "are now also playing" means. Tried a few hands? Play as much BJ as poker? I suspect it is closer to the former.

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From the release (emphasis mine)...

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The casino business is experiencing a marked uplift in performance following the introduction of blackjack on to PartyPoker.com on 8th October 2005. Approximately 40% of PartyPoker.com active players are now playing both blackjack and poker. Whilst this has reduced the poker revenue generated by these players, the overall revenue generated by them during the period has increased substantially. The cross-selling of blackjack to PartyPoker.com customers contributed to a substantial increase in active player days for casino which increased to 1.6 million during the period. Excluding the first week following launch, the gross revenue in casino for the period since the launch of blackjack has ranged between $0.8 million and $1.2 million per day, which is between five and seven times higher than the average for the third quarter. We expect blackjack to continue to deliver a substantial amount of revenue in future periods, although this is unlikely to be at the levels attained in October and November which benefited from an element of novelty factor.

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