iPoker Network Revenue Up 73 Percent in 2008Growth Continues Unabated at iPoker Network; Poker Soars Over €30 Million |
|
The iPoker network, home to online poker rooms like PaddyPowerPoker, Titan, Boylepoker, and BlueSqPoker, today announced fourth quarter revenue of €8.6 million, up 43 percent on the same quarter of 2007.
Total revenue for the Israeli-based poker network hit €30.1 million in 2008, up 73 percent on the €17.4 million generated in 
Publicly-quoted parent company Playtech saw total revenue for 2008 total €111.5 million, a jump of 70 percent on the €65.7 million earned in 2007. The balance was made up of casino revenues which leapt 68 percent to €79.4 million.
Playtech entered the regulated Italian poker market at the end of December and the company’s interim report said of the move, “Current results indicate that the Italian poker network has proven to be significantly revenue enhancing and above management's expectations.”
The company also added a number of poker rooms throughout 2007.
Mor Weizer, CEO of Playtech said of the key performance indicators, “Once again we have enjoyed a successful quarter both operationally and strategically as we continue to grow the business and make the most of the opportunities presenting themselves.”
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
