BLOCKBUSTER MOVIES FOR PARTYGAMING SLOTS

21 December 2007

Party Gaming.com and Paramount Films team up


Online slot gamblers with a penchant for blockbuster movie action will soon be able to combine their entertainment faves following a major deal signed this week between online gambling group Party Gaming and the world famous Paramount movie producers.

Think the thrill of jet fighter combat, the influence of the capo dei capi and the fun of Saturday Night Fever in the world of online slots, because that's where Party Gaming is going with brand new slots themed under license from Paramount and capturing the essence of major thrillers like Top Gun, The Godfather, Mission Impossible and Saturday Night Fever.

Following a trend to slot themes encompassing major comic heroes or shoot 'em up stars pioneered by Cryptologic and Microgaming in recent years, Party Gaming's new slot concepts are likely to prove widely popular with a playing public keen for fresh ideas.

Party's Chief Executive Mitch Garber said: “Popular brands are a differentiating factor in online gaming and this alliance will enhance and distinguish the quality of PartyCasino’s offer.”

Party Gaming execs announced the deal along with a Q4 trading statement, which indicated results that they said were in line with expectations and augured well for the future.

On average, analysts expect Party Gaming to post a pretax profit of $76.3 million, on revenue of $467.7 million, according to a Reuters Estimates poll of five investment banks.

Many investors appear to still be taking a cautious line with the stock, with a "wait-and-see" attitude on the Internet gambling group's negotiations with the US Department of Justice regarding its pre-UIGEA activities in the States. Party exited that market when the UIGEA was signed into law in October last year, causing it massive losses, and since June it has been exploring its position with the US authorities. A resolution of any US legality problems could prove a major fillip for the shares and the company's prospects overall.

Party has announced deals with ITV, RTL in Germany and Sporting Index in recent months, and remains a dynamic organisation looking to expand.

Dresdner Kleinwort analysts have forecast 77 percent year-on-year growth for the fourth quarter and revenue growth expectations for 2008 of 28 percent as Party continues to compete in non-US markets.

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