Betsson Poker Revenue Continues To SlideNordic Plc Sees Online Poker Revenue Down 11 Percent In Third Quarter |
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Online poker revenue at Nordic gaming operator Betsson continues to fall with third quarter 2010 income down 11 percent to SEK24.4 million (€2.63 million) compared to SEK27.5 (€2.96 million) percent in the same period of 2009.
Year-on-year, poker revenue has now declined for at least seven consecutive quarters.
Quarter-on-quarter poker revenue dropped 4 percent from the second quarter of 2010. This drop was less pronounced than the 17 percent decline between the first and second quarters of this year.
Online poker now makes up just 8.1 percent of gross profit at the site, down from 10.1 percent in the third quarter of 2009 and saw a significant 25 percent decline in Norway.
Betsson’s primary revenue generator is largest casino which represents 57.7 percent of gross profit (down fro 68.5 percent a year earlier). This is followed by Sportsbook which makes up 29.7 percent (up from 16.4 percent a year earlier).
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