Party Issues Full Year Results -- PartyGaming today released its full year results, which revealed the company was continuing to progress after its October 2006 exit from the U.S. market. Revenue from continuing operations rose 52 percent to $325 million, from $153 million in 2005, while earnings before taxes, interest, deductions and amortization (EBITDA) climbed 150 percent to $51 million, from $20 million in 2005. However, the company reported annual profit dropped 56 percent on costs related to its U.S. departure, while net income fell to $128.4 million, or 3.3 cents a share, from $293 million, or 7.5 cents, in 2005. "Whilst the decision to stop accepting customers from the United States was a bitter blow for our business, our continuing operations have grown strongly from the lows reached in November 2006," said Party CEO Mitch Garber.
Selective Launch -- Mobile gaming and content provider Cellectivity has inked a deal with 888, whereby Cellectivity will develop and launch the London-listed operator's new mobile casino platform. "This is an exciting period for mobile gaming," said Cellectivity CEO Marcel Puyk. "888's decision to combine with Cellectivity to expand their brand is in many ways an endorsement of Cellectivity's market leadership and reputation."
Done Deal -- Nokia has entered an agreement with California-based mobile gaming publisher Glu Mobile, which sees Glu provide a number of titles--including its no-stakes World Series of Poker Texas Hold'em game--for Nokia's N-Gage gaming platform.
Direct Marketing -- Several news sources reported on Monday that Sportech-owned Littlewoods Gaming is to launch an "e-mail drive" to encourage existing gamers to play more regularly its casino, bingo and poker games. Littlewoods said that the e-mail activity will also be supported by a "mobile drive," developed by digital agency Pure, followed by a "direct mail drive."
Skill con Payout -- Games-content provider Skill 4 Games on Wednesday signed an agreement with Finsoft to launch an online version of its skill with payout (SWP) games.
Inked -- Inspired Gaming subsidiary Leisure Link has been awarded a three-year deal to supply fixed odds betting machines to bookmaker Betfred's 650 betting shops throughout the United Kingdom.
Forward-Looking -- Canada-based software developer Dynasty Gaming on Monday announced that its "mahjong mania" software is to power an Asia-facing mahjong site, mahjongclub.com.
Big News for 'Big Frank' -- Character animation software provider DA Group has extended its "sports punditry and betting odds" agreement with Ladbrokes, which sees DA's "Big Frank" animated character launched on Ladbroke's Spanish-language Web site.
Stock Watch -- I-gaming stocks on the LSE were, for the most, on an even keel, though shares in PartyGaming slipped 2.25p (6.16 percent) to close at 34.25.