Revenue Declines At PartyPokerFurther Slump In Poker Revenue Ahead Of Merger With bwin |
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Poker revenue continued to fall at PartyGaming Plc in 2010 with full year gross revenue down 4 percent to €166.7 million from €174.4 million in 2009.
Net revenue was down 9 percent to €124.8 million from €136.8 million a year earlier.
Key performance indicators show active player days up 1 percent to 18.5 million, yield per active player day down 9 percent to €6.7, and new real money sign ups jumping 7 percent.
In the first two months of 2011 some key performance indicators were showing improvement with new poker player sign-ups we up to an average of 1,905 per day compared to 1,853 in the final quarter of 2010. Average active poker players were 52,400 active compared to 50,400 in the last three months of 2010 and average gross daily revenue for poker was €452,600 compared to €440,200 in the final quarter of 2010.
In 2010 the company said it captured 14 percent of the French poker market post-regulation and average daily revenues there increased 220 percent before gaming tax and 77 percent after gaming taxes compared to the second half of 2009.
This full year financial report will be PartyGaming’s last before it merges with Austro-German betting giant bwin at the end of this month.
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