Investors in online gambling giant bwin.party digital entertainment plc, owners of the partypoker brand, received positive news earlier this week when the company released its pre-close trading update to the London Stock Exchange.
It's fair to say that bwin.party has been struggling of late, in fact, that may be a huge understatement. When the company released its Q3 trading update at the end of October 2015, it showed total revenue had fallen eight percent year-on-year with only its bingo arm increasing.
This latest update is far more positive with the company announcing its net revenue for the fourth quarter has increased by four percent when compared to the same period in 2014.