Gambling Financial News

PartyGaming confirms ITV deal
PartyGaming confirmed that it had signed a white-label partnership deal with ITV to provide the UK broadcaster with a range of betting, casino and bingo games. Financial terms of the deal were not disclosed.

Paddy Power doubles first half profits
Paddy Power’s operating profits more than doubled in the first half of 2007, to €40.8 million against €19.6 million for the previous year. Pre-tax profit rose by €22.2 million in the period, to €42.7 million, while total revenues hit €143.8 million.

Playtech announces $44m profits
Playtech announced first half group revenue of $44 million, a drop of just over $2 million from a year ago before the US online gambling ban had been implemented. The gaming software group reported casino games revenue of $32.6 million in the six months to June, with revenues of $10.5 million from poker.