PartyGaming says that online poker recovering
PartyGaming said on Thursday its daily online poker revenues had recovered to $721,000 (366,000 pounds) after falling to a daily low of around $637,000 after the United States banned Internet gambling in October. PartyGaming said it had been hit by the defection of some of its bigger gamblers outside the United States to privately owned poker Web sites that were ignoring the ban. “Overall yield per active player day has been affected by the loss of higher-raking players, but this has been partially mitigated by strong levels of new player sign-ups that have averaged over 1,400 per day,” it said. 
The group now takes 67 percent of its revenues from Europe, the Middle East and Africa, and 27 percent from Canada and Central and South America. As a result of the U.S.gambling ban, PartyGaming has cut 945 jobs, or 41 percent of its workforce. PartyGaming said that excluding sports betting, overall daily revenue in the four weeks to December 11 averaged approximately $921,000. In sports betting, its Gamebookers unit averaged daily gross win of approximately $65,000 since it was bought in August.