Partygaming released its results last week showing company revenues were up on the period for the year to 31st December. Casino games, poker and sports betting made up for weakness in the poker operations.

Group revenues increased by 15 percent to €357.3m (£300m) from €310.1m, with casino revenues up to €151.4m from €136.3m, bingo revenues over doubling to €51.4m from €22.8m and sports betting improving to €20.8m from €13.2m. Poker revenues bucked the trend falling to €124.8m from €136.8m. PartyGaming hopes to stem the decline by the end of the year.

Pre-tax profits rose to €43.8m from €57.4m.

PartyGaming, which will be called Bwin.party digital entertainment Plc after the deal closes March 31, is combining with Bwin to ease entry to European markets as they legalize and regulate online gambling. PartyGaming has been trying to add more casino and bingo business as poker has been hurt by competition from companies that still accept U.S. bets.

Jim Ryan, chief executive at PartyGaming claimed the year had started well.

“In the two-month period ended 28 February 2011, average gross daily revenue was €1,431,800 (Q410: €1,425,400),” he said.

PartyGaming is confident it can meet targets of annual post-merger savings of 55 million euros per year by 2013, Ryan added in a said on a conference call.

The company has also spent up to 25 million euros entering the newly opened markets of France and Italy, Finance Director Martin Weigold added on the call. Denmark is expected to allow web gambling by the end of the year, with Spain, Greece, the Netherlands and Germany to follow, Ryan commented.