Playtech Poker Revenue Down Two PercentiPoker Owner Sees Year-On-Year Revenue Down Slightly But Quarter-On-Quarter Up |
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Israeli-based online poker operator, Playtech has announced poker revenue down two percent in the third quarter of 2011 to €5.6 million from €5.7 million a year earlier.
Playtech’s poker platform, iPoker hosts online poker sites such as Titan, William Hill and Paddy Power.
The €5.6 million third quarter revenue was up 13 percent on the previous quarter.
Chief executive Mor Weizer said, “Playtech’s diverse revenue streams have delivered a strong performance over the traditionally quieter third quarter thanks to the launch of Italian cash poker and casino products, improvements in poker revenues following the change in the market structure after the suspension of one of the largest poker operators, and the continued strength of bingo and Videobet, where the UK roll-out has now completed."
In the nine months to end September 2011 Playtech’s poker revenue was down 24 percent to €16.3 million from €21.5 million in the first nine months of 2010.
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