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Gaming Media Group Revenue Exceeds €12 million

PokerHeaven.com and Poker Channel Owner Publishes Results for 2008; Revenues Exceed €1 million Per Month

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Gaming Media Group, the parent company of PokerHeaven.com and The Poker Channel, today announced revenues of over Poker Heaven logo€1 million per month in the 12 months to Oct 31, 2008.

Poker rake was up 47 percent while overall revenue, including casino, bingo, and TV advertising, was up 57 percent. The company said it was achieving 10,000 new registrations per month from across Europe.

Crispin Nieboer, CEO for the company said, “Our pan-European and localised approach, together with significant advances in our CRM infrastructure, has been key to the extensive growth in 2008. We forecast strong organic growth in 2009, not just from poker, but from our new casino and bingo products as well. We are also investigating more acquisition and joint-venture opportunities, where we can utilise our infrastructure to absorb similar businesses, and apply our lower CPA, higher conversion and player lifetime values.”

 
 
Tags: europe