PartyGaming eyes further deals

Internet betting firm PartyGaming today said it would press on with further deal-making following its tie-up with Austria’s bwin to create the world’s biggest online gaming company.

The company said it would “continue playing an active role” in the consolidation of the sector after the completion of the deal early next year.

PartyGaming boosted its own revenues 30% to €181.2m in the first half of 2010, helped by acquisitions including the Cashcade bingo business and improved casino and sports betting takings.

The firm is pushing into newly-regulated territories such as France, where online gaming licences for sports betting and poker were issued for the first time in June 2010.