Party Gaming Proclaims Increase in Financial Results and New Chief Operating Officer

Party Gaming PLC is the parent companies of PartyPoker, proclaims its financial results for the 4th quarter of the previous year. They announces that they have an increase in the financial results for the last quarter but still not enough to pull up the overall results for the fiscal year. The overall decrease for the company is due to the company decisions as well as purchases of the organization.

The total revenue of Party Gaming was $13.2 million for the year 2009. It showed an increase of 32% compare to the profits last 2008 that was only about $100.4 million but showed an increase of 17% in the 3rd quarter of the year 2009.

Party Gaming reached a total of $446.2 million revenues for the year but drops 6% from their profit last 2008 due to the World Poker Tour that they purchased in 2009. Along with their announcement of their total revenues, they also announce its new Chief Operating Officer, Per Widerström. This new executive has been in the online gaming industry for the longest time already and had been the Chief Executive Officer and Director of Mangas Gaming Malta, Limited.

Widerström has also previous jobs as the head position at Expekt.com Ltd and Telenor Mobile Sweden and was a Vice President and COO at Kyivstar GSM. In addition, he was the one-time Director of Operational Marketing and Business Development with Coca-Cola.