LONDON, August 28 /PRNewswire-FirstCall/ -- On-line poker group PartyGaming reported a $67m post-tax loss in the first half but claimed the underlying performance of the business, with revenues down 21 per cent to just over $200m, was solid.

In a video interview on http://www.cantos.com, PartyGaming CEO Jim Ryan said: "We've managed the business through a difficult climate and delivered solid results. Revenue was in line with analysts' consensus."

The loss relates to settling a fine agreed with US regulators which has allowed PartyGaming to focus on its strategy of being top 3 in the markets where it operates.

The group is already a market leader in 3 of its 4 markets - on-line poker, casino and, following the recent Cashcade acquisition, bingo. Management are now betting on regulatory changes to accelerate growth and M&A to boost its sports betting business.

Martin Weigold, FD, looks at the results highlights as well as balance sheet and funding.

The interviews and transcripts are available now on http://w3.cantos.com/partygaming. There will be a live analyst presentation at 0930BST with an on-demand replay available later today.

It's free to view. All you need to do is register at http://www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

SOURCE PartyGaming