Poker Profits Up At Gaming VCGerman Facing Online Poker Operator Sees Poker Profit up 132 Percent |
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Gaming VC, the online casino, sports betting, and poker operator has seen gross poker profit grow to €2.41 million in 2007, up 132 percent on 2006 when it was €1.04 million. Net revenue from poker was €3.42 million in 2007, up 55 percent on 2006.
The company launched a new poker brand www.pokerkings.com in December 2007.
Poker represented 8 percent of net revenues at Gaming VC in 2007. Casino contributed the largest share of revenues to the business which is marketed primarily to German speaking markets in Europe.
Overall gross profit at Gaming VC increased 9.5 percent to €32.2 million in 2007.
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