VIRTUAL CASINO NEWS

PartyGaming Plc announces positive results and good performances of their brands. Its capital rose to $319.3 million from $214.8 million a year and this second quarter sales increased of 49%. Half of the new players that signed up at their poker room live outside the USA.

Still 70% of revenues are generated by US players, but considering the actual situation PartyGaming is planning to expand their business mostly to the Asian market. Finance Director Martin Weigold told to journalist that the “portion of sales coming from outside the U.S. may rise to around 50 percent in two to three years“.

The company recently introduced blackjack and launched PartyCasino, and just added a bingo room this month. PartyPoker now offers its software in French and German, and It’s planning other additions such as sports betting.

Betonsports have sacked the company’s chief executive David Carruthers, who has been arrested by US federal authorities facing racketeering charges. The company say that because of his continued detention, “he clearly remains unable to perform his duties“. David Carruthers has been arrested along with 12 other people, including Betonsports founder Gary Kaplan, involved on wire fraud, repeated mail fraud and money laundering.

Betonsports had not been any contact with Mr Carruthers since his arrest last week.
Also implicated in the racketeering scandal are three other companies, DME Global Marketing and Fulfillment, Direct Mail Expertise, and Mobile Promotions, based in Florida.

Betonsports suspended its shares on the London Stock Exchange (LSE) the day after the arrests and have lost 18 per cent of its capital since that period.