Poker Revenue Falls 11 Percent at bwin.party“Competitive Pressures” Results In Lower Poker Revenue At Recently Merged Poker Giant |
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bwin.party digital entertainment plc, the recently merged online gaming operator, saw poker revenue fall 11 percent in the first half of 2011 to £104.9 million from £116.5 million in the first half of 2010.
The company said in its interim statement that, “The suspension of Full Tilt Poker’s gaming license at the end of June removed a major competitor in poker and consequently we have seen an improvement in player numbers and average daily revenues.
“In addition, our launch of cash game poker and certain casino games in Italy has started well, even though this is the seasonally weak trading period.”
In June the company said new sign ups had jumped 33 percent in the immediate wake of the online poker shutdown in the U.S.
bwin.party shares were up 14 percent to 126 pence at the time of writing.
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