iPoker Revenue Down 19 Percent in 2010Playtech’s Online Poker Network Continues Downward Revenue Trend |
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iPoker, the online poker network of Israeli plc Playtech, saw revenue drop 19 percent in 2010.
Revenue fell to €27.4 million at December 31, 2010 from €33.8 million in 2009.
In the final quarter of 2010 poker revenue was down 30 percent to €5.9 million compared to the final quarter of 2009 when it was €8.4 million.
However there was a glimmer of hope in the accounts in the form of a 3 percent increase in poker revenue from the third quarter to the fourth quarter 2010.
Furthermore total revenue at the company, which includes casino and bingo verticals, was up 24 percent in the year to Dec. 31, 2010 to €142.3 million form €114.8 million in 2009.
Last year saw Playtech launch regulated poker and casino products in Finland for the state-run RAY. From Nov. 29 to Dec. 21 60,000 players registered.
The company also lost a major client in Victor Chandler Poker which moved to the Entraction network.
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