PartyPoker has recently released an early indication of their forecasted revenues for the second quarter, the results of which have not proved 100% positive for the company. As parent company for PartyGaming, PartyPoker predict that the revenue from the second quarter of the financial year will be lower than previously anticipated.

It is suspected that the second quarter results, which cover the months of April, May and June 2010 will report a decrease in profit by approximately 2% compared to the previous months from the first quarter.

The gaming giant have twinned the predicted downturn in profits with the recent events of the FIFA World Cup tournament, as individuals who would normally be sitting at their computers have turned to their television screens instead. The company also believes that seasonality has played a big part in the reduction of revenue as it is not unusual that as the weather improves and more people spend time on alternative leisure activities, interest in online gaming tends to drop leaving big companies like PartyPoker looking at a cup that is only half full.

“We are pleased with the relatively robust performance of our business compared to many other consumer facing businesses in what remains a challenging economic environment. Overall the Group has performed in-line with expectations even though the adverse impact of the World Cup on our non-sports betting verticals was slightly greater than expected.”
Jim Ryan, PartyGaming’s Chief Executive Officer.

It’s not all doom and gloom for the major gaming player though, although revenue expectations have dropped, the company are still reporting a 28% rise in profits from the 1st quarter in comparison to the same time last year. Although the World Cup has been the source of blame for the company, it has brought some benefits to PartyPoker with improvements to their sports betting site showing increased traffic.