Gambling sites beat the slump
As the downturn deepens, the attraction of a flutter is increasing, with online gambling firms set to show improved performance in their interim results this week.
According to investment bank Dresdner Kleinwort, PartyGaming will post half-year profits of £23m on the back of a 20% leap in revenue to £137.6m.
Its casino accounts for 38% of the group's revenue, compared with 14% a year ago.
Rival 888 has already said its first-half revenue grew to £72.8m, against £52.5m, and profits are forecast by broker Evolution Securities to rise to £14m from £10.2m.
It launched bingo site 888Ladies and 888Sport for betting on sports.
Bookmaker Paddy Power, which has its own online operation, is set to report robust interim results on Wednesday and may accelerate plans to add to its 67 UK shops.
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