Betfair Poker Revenue Falls Four PercentRegulation In Europe Takes Its Toll On Betfair Poker Revenue |
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Betfair Plc today released its financial information for May, June and July 2012 (Q1).
The data showed that net gaming revenue for poker fell four percent from £5.4 million to £5.1 million in the same period last year.
However the company said poker revenue was up three percent if the impact of regulation was factored in.
Active players at the site fell three percent from 63,000 to 61,000 year-on-year while average revenue per user was down two percent to £84 in Q1, 2012 from £86 in Q1, 2011.
In the full year to April 2012 poker revenue was up two percent at Betfair.
Overall revenue at the betting exchange was up 13 percent to £91.6 million in the period from £80.8 million.
The company said in its statement, ““Revenue growth in the first quarter was primarily driven by Euro 2012, improved monetisation of exchange activity, continued mobile growth and a recovery in risk-sports margins. The resulting growth was partially offset by the impact of regulation.
“Games and Poker continued to act as a drag on our overall growth rate, with revenue up 7% and 3% respectively excluding the impact of regulation. Reported revenues, which were affected by regulatory factors in Italy, Cyprus and Spain, were down 7% and 4% respectively.”
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