Playtech Poker Revenue Down 33 PercentFirst Quarter Revenue At iPoker Plunges From Same Period Last Year |
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Playtech, the publicly-quoted online gaming software provider which owns the iPoker network, today reported poker revenue down 33 percent in the first quarter of 2011 to €5.7 million compared to €8.5 million a year earlier.
Excluding France, whose market was regulated during 2010, poker revenue was down 25 percent.
The company did not give any reason for the significant decline but made a statement about the recent U.S. market shut out of some of its competitors saying, “The actions taken by the US Department of Justice against certain US-facing poker sites on 15 April has prompted considerable volatility, however Playtech believes that this action will in the longer term have a positive benefit to the iPoker networks both in the dot.com segment and also in the European regulated markets.”
Total revenues at the company, which also includes casino and bingo, were up 2 percent to €36.7 million.
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