PartyPoker.com Breaks Own Revenue Record in Q4 of 2005

PartyGaming, the company that owns PartyPoker.com, released its fourth quarter trading update report on Monday, revealing that the site achieved a record number of new poker player signups from October to the end of December last year.

PartyPoker.com saw 229,277 new real-money players join the site in the fourth quarter of 2005. For the entire year, 839,317 new players signed up to play for real money at PartyPoker.com. In 2004, that number was 596,565.

More than 30 percent of the new player signups in 2005 live outside the United States.

PartyPoker.com had an average daily revenue of $2,540,230 in October, November and December. It was the highest dollar average for a quarter since PartyPoker.com was launched in August of 2001.

In the fourth quarter last year, the site's daily average revenue was $1,937,742 a day.

The average daily revenue for 2005 was $2,274,943. The site made an average of $1,472,398 a day in 2004.

During the fourth quarter of 2005, the net poker revenue was $233.7 million, which is up 31 percent compared to the previous year. It beat the third-quarter results for 2005 by 17 percent.

Soon, PartyGaming will launch a platform that will allow its members to play at any of the company's sites from one common purse. For example, a player would be able to deposit money at PartyPoker.com and use that cash to play games at PartyGaming's PartyCasino.com or PartyBingo.com.

By the end of 2006, Party Gaming plans to have its sites available in several different languages and accepting a wide range of currencies. This coincides with PartyGaming's core strategy to market its products to an international customer base.

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