LONDON, August 6, 2010 /PRNewswire/ -- PartyGaming, the world's leading listed online gaming company, has posted a 30 per cent increase in revenues to EUR181.2m, days after the announcement of its proposed merger with bwin, the online sports betting company.

However, operating profits were just 6 per cent higher, which the company attributed to amortization charges relating to its Cashcade and World Poker Tour acquisitions. Stripping out the acquisitions, the company achieved organic revenue growth of 7 per cent.

In an interview with cantos.com http://cantos.com, Jim Ryan, Chief Executive, said that he was excited about the bwin merger and was very encouraged by recent developments in regulation of the US markets as well as other geographies.

We have a team of people who are dedicated to the US strategy, our B2B strategy, Italy, France etc. Where it does get vey exciting, is once you do merge these two organisations, our scale goes to the next level.

We will be able to exploit more regulated markets, we'll be able to move along the strategy paradigm faster, and that is what I most look forward to.

The interview and transcript are available now on http://www.cantos.com/company/PartyGaming.

Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email amanda.alexander@cantos.com or phone +44-207-936-1352.

SOURCE: PartyGaming

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