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Entraction Poker Drops 25 Percent in First Quarter

Online Poker at Entraction Down Due to Increased Competition

by Brendan Murray  |  Published: May 07, 2010

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iPoker revenue down in first quarter 2010Entraction, the Swedish publicly-quoted online poker network, yesterday said its net sales for poker fell 25 percent to SEK63.3 million (€6.5 million) in the first quarter of 2010 from SEK84.4 million (€8.7 million) a year previously.

Poker gaming surplus was also down 25 percent to SEK91.4 million (€9.4 million) from SEK122.3 million (€12.6 million) a year earlier.

A statement from the company said, “The number of active players continues to increase despite a tougher competition in the poker market as poker sites still accepting US players, and thereby operating in a legal grey zone, are gaining market share. Entraction has an advantage in being a supplier as we can sign agreements with new operators and relatively quickly increase player volume.”

Entraction saw poker revenue rise 34 percent in 2009.

 
 
Tags: Entraction Poker Network,   Financial Statement,   First Quarter 2010
 
 
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