PartyGaming 2009: Revenue down, but Ryan remains upbeat

PartyGaming has reported a net loss of $26.5m for the full-year 2009 against $66.1m profit in 2008. Revenue for the period was also down with poker EBITDA dropping 44%. The company was buoyed, however, by strong fourth quarter growth, EBITDA increases in three of its four key verticals, and significant B2B progress.