AUTHOR: Jerry "Jet" Whittaker TITLE: PartyGaming reports - Costs up and poker yield down DATE: 5:46 AM ----- BODY: Continuing operations reported revenue up 112% to $325.0m (2005: $153.2m).
The company reported clean EBITDA of $50.9m, an increase of 158% compared
with the previous year. Unsurprisingly, Poker remained the largest
individual business segment within Continuing operations, representing 82%
of 2006 revenues (2005: 91%) and 80% of Clean EBITDA (2005: 91%). Continuing
poker revenue grew by 91% to $266.4m (2005: $139.7m). Clean EBITDA from
poker increased by 125% to $42.7m (2005: $19.0m). The company's casino
business reported revenue growth in 2006: up 278% to $51.0m (2005: $13.5m).
Clean EBITDA for this business segment also increased strongly by 356% to
$8.2m (2005: $1.8m). Sports Betting and Emerging Games made first-time
contributions to revenue of $5.6m and $2.0m respectively and to Clean EBITDA
of $2.3m and $0.3m respectively. The Group's Continuing Clean EBITDA margin
was impacted but still increased from 12.9% to 15.7%. --------