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Tuesday, June 29, 2010

World Poker Tour® Announces Matt Savage As WPT Executive Tour Director

PartyGaming News: World Poker Tour® Announces Matt Savage As WPT Executive Tour Director

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LOS ANGELES (June 16, 2010) – World Poker Tour® (WPT) announced today renowned tournament director Matt Savage will join their team as Executive Tour Director. In his new role, Savage lends his years of experience and vast knowledge base to WPT committing himself to improving player communication, tournament offerings, tour cohesiveness, and event growth.

“Matt is one of the world’s foremost experts on poker tournaments,” said Steve Heller, World Poker Tour CEO. “Matt’s expertise and relationships in the poker community will greatly enhance our upcoming ninth season.”

“I am excited about this opportunity to work with WPT as their Executive Tour Director,” said Savage. “WPT is one of the most respected and recognizable brands in poker and I am happy to be a part of its efforts to improve tournament poker for players, fans and casinos.”

Savage has appeared on more than 300 televised poker shows on Fox Sports Net, Travel Channel, GSN, ESPN, and numerous others. He was also the host of a nationally televised show called “Inside Poker” and is an actor in the Warner Brothers movie “Lucky You.” A founder of the Tournament Directors Association and recipient of the inaugural Benny Binion award for outstanding service in the poker industry, Savage has directed some of the most successful poker tournaments including WPT’s Bay 101 Shooting Star and Los Angeles Poker Classic.

Players may contact Savage directly at msavage@worldpokertour.com to discuss tournament ideas, concerns, or pose questions.

ABOUT WORLD POKER TOUR
World Poker Tour (WPT) is one of the most recognized names in internationally televised gaming and entertainment with brand presence in land-based tournaments, television, online and mobile. Leading innovation in the sport of poker since 2002, WPT ignited the global poker boom with the creation of a unique television show based on a series of high stakes poker tournaments. WPT has aired globally in 150+ countries, currently airs in the United Sates on Fox Sports Net and is preparing for its all-new ninth season. WPT also offers a unique online subscription and sweepstakes-based poker club, ClubWPT.com, which operates in 38 states across the U.S. WPT also participates in strategic brand license, partnership and sponsorship opportunities. WPT is a subsidiary of PartyGaming Plc. For more information, see visit www.worldpokertour.com


About PartyGaming:

PartyGaming Plc is the world’s leading listed online gaming company. The Group is a constituent of the FTSE 250 share index with its shares listed on The London Stock Exchange under the ticker: PRTY. In the year to 31 December 2009, PartyGaming’s Continuing operations generated revenue of $446.2m and Clean EBITDA of $135.0m. PartyGaming’s principal brands are
PartyPoker.com, one of the world’s largest online poker rooms, PartyCasino.com, the world’s largest online casino, PartyBingo.com, PartyGammon.com, PartyBets.com, InterTrader.com, FoxyBingo.com, GetMinted.com, GameBookers.com and WorldPokerTour.com. None of the Group’s sites accept real money customers located in the US. PartyGaming is regulated and licensed by the Government of Gibraltar and by the Alderney Gambling Control Commission and it is also certified as a responsible gaming operator by GamCare, the leading UK authority on the provision of advice, practical help, support and counselling in addressing the social impact of gambling. PartyGaming’s shares are also a constituent member of the FTSE4Good Index Series, which enables investors to identify companies that meet globally recognised corporate responsibility standards. For more information, please visit PartyGaming

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Notice of Pre-close Trading Update

28 Jun 2010

PartyGaming Plc, the world’s leading listed online gaming company, will announce a pre-close trading update on 6 July 2010.

Reflecting the fact that the Eurozone has become the predominant economic environment in which the Group’s gaming companies operate based on the currencies with which players fund their accounts, as well as the expected opening of a number of newly regulated regimes in France, Italy and other Eurozone markets, the Group intends to change its functional currency from US dollars to Euros.

In line with International Accounting Standard 21 the change will take effect from the date the Group determined that the characteristics required to identify the functional currency had changed. The Group determined this occurred during 2010 and for accounting purposes, this is effective from 1 January 2010.

In addition, the Group will from this date change the reporting currency used for its financial statements of the Group and other reporting from US dollars to Euros.

All prior financial data will be converted using the exchange rate at 1 January 2010 of 1 US dollar = 0.695 Euros. An updated summary containing the Group’s historic financial data in Euros up to and including the Q1 2010 Key Performance Indicators will be made available at www.partygaming.com on 6 July 2010. The Group’s interim results for the six months ended 30 June 2010 will be reported in Euros when they are announced on 6 August 2010. A separate notification containing details of the analyst presentation and simultaneous webcast and dial-in broadcast for the interim results announcement will be made in due course.

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