PartyGaming released Full Year results for 2008. Here are some notable numbers:

Continuing net revenue up 3 percent to $472.9m (2007: $457.8m); soft performance in poker offset by solid growth in all other verticals

Continuing Clean EBITDA* up 29 percent to $144.2m (2007: $111.7m); total Clean EBITDA up 53 percent to $133.3m (2007: $87.0m)

Continuing Clean EPS* up 55 percent to 24.9 cents (2007: 16.1 cents); total Clean EPS up 124 percent to 22.2 cents (2007: 9.9 cents); Continuing basic EPS up 449 percent to 19.2 cents (2007: 3.5 cents); total basic EPS up 59 percent to 16.5 cents (2007: 10.4 cents)

Addition of DM plc and CIRSA to our portfolio of business-to-business ('B2B') customers

Cash flow from operations before working capital movements up 23 percent to $132.5m (2007: $107.6m) with group cash (after deducting client liabilities and progressive prize pools) of $70.3m.

* EBITDA/EPS before reorganization income and costs, non-cash charges relating to share-based payments, non-recurring adjustment to revenue and release of tax provision (see reconcilliation of Clean EBITDA to operating profit from Continuing operations below).

"We are pleased to announce another strong set of results with Clean EBITDA from Continuing operations up 29 percent to $144.2 million," said PartyGaming CEO Jim Ryan.

"Our business model is both flexible and robust with a capacity to generate strong cash flow. Our brands and market position are strong and we have a healthy balance sheet with which to execute our business strategy."

"I believe that we are in an excellent position, not just to withstand the macroeconomic challenges that may lie ahead, but also to execute our strategy, create value for all of our stakeholders and achieve our long-term objective of becoming the world’s most valuable online gaming company."

And as reported in the UK's Telegraph: "Jim Ryan, PartyGaming's new chief executive, said the company was making 'good progress' in its talks with the New York U.S. Attorney's Office over a settlement that would draw a line under its previous acceptance of so-called 'illegal' bets from American citizens. The U.S. banned internet gambling in 2006."

"Mr. Ryan dismissed fears that PartyGaming had been disadvantaged in the talks by the decision of one of its founders, Anurag Dikshit, to plead guilty to breaking U.S. laws over online betting and agree to pay a $300m (£218m) fine and potentially two years in jail. 'His position is entirely personal,' said Mr. Ryan, adding: 'We believe there will not be any criminal plea against the company or any of its former directors,'" he said.

More on PartyGaming's year results here.