Last Friday, the public transportation company of gambling online, Partygaming PLC, has published its results for the fourth quarter of 2008 and profits are less important than those of the fourth quarter of the previous year. Profits however are the venue for the whole of 2008.

For the period ending December 31, 2008, Partygaming has recorded profits of 100.4 million, a fall of 18% over the same quarter of 2007. For the full year, Partygaming has managed to make a profit of 472.9 million, accounting for 3% increase compared to the 457.8 million of 2007.

Jim Ryan, Chief Executive of Partygaming, cited the decline in the global economy, the continual struggle of us. against the poker rooms and rates of Exchange, as factors to justify the decline in the fourth quarter. However, he is confident of the expansion of the company in the years to come. At the conference on the performance of Partygaming, M Ryan said: " we continue to make significant progress in the implementation of our strategy. The revival of PartyPoker is well underway, as our new VIP programs and loyalty, resulting an increase in the strength of 8% compared to the previous quarter. Our "Business To Business" strategy is progressing very well, she also. »

« Business conditions remain difficult because of "unlevel playing field" in the field of poker and the appreciation of the U.S. currency which affects the high yields. '' However, the U.S. currency gains have also been lower our costs, as a result, we anticipate an EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization is earnings before interest, taxes (taxes), appropriations to depreciation and amortization) net for the year, slightly higher than the expectations of the market. » Ryan

With respect to discussions between the company and the U.S. justice department, Ryan continues to be confident in a satisfactory conclusion of the negotiations. " Our discussions with the U.S. justice department are progressing in the direction of our expectations and the execution of our strategic plan, coupled with a control of our costs, we do progress to consolidate our position as one of the leading online game. . has insured Ryan.

At this conference on the financial statements for the fourth quarter, Ryan has also unveiled a new agreement with a Spanish game company, which will diversify their operations. The agreement for a period of three years between Partygaming and Barcelona CIRSA Gaming Corporation, S.A., will allow Partygaming to work in conjunction with CIRSA, in exploration and the development of business opportunities in Latin America and other Spanish-speaking countries in the field of the game online.

CIRSA is a company of thirty years which has huge databases in the traditional gaming industry. It has 13,000 employees and is active in more than 70 countries. CIRSA owns and operates bingo halls, casinos and amusements (arcades) centres around the world and is the leader in the Spanish market, in which it has 57 4 bingo halls casinos and amusements 139 centres. It also has a strong presence in Latin America and South America.

Ryan was enthusiastic about the possibilities for Partygaming, global expansion resulting from this association with CIRSA. " Our agreement with CIRSA is part of our strategy, which is to develop powerful 'business to business' operations, through alliances with companies headlights everywhere in the world. We believe that the combination of the capital of CIRSA and our expertise of the game online, will create great opportunities for both companies, especially in the Spanish-speaking world. " " commented Ryan.