The European online betting company Purple Lounge announced a growth of 10 percent in its weekly rate despite the US senate recent decision about online gambling ban. According to Purple Lounge Chairman, Chris Gorman, the recent news from America did not influence on Purple Lounge business.
While American online betting companies are expecting a drop in their share prices following the latest anti internet gambling legislation, their European colleagues are enjoying a growth. According to Chris Gorman, the amount of sign ups and bets from American bettors reduced since the beginning of September but since Purple Lounge mainly focuses on the Scandinavian and European markets, the company did not feel a drop in its revenues.
Purple Lounge has recently expanded to the Spanish online gambling market. The company trading results prove a rise of more than 350 percent in the second quarter of the year. According to Gorman, Purple Lounge power is by offering more than just online betting services. In addition to its online poker room and online casino, the site offers variety of lifestyle services such information on travel and cultural events.
