888 Poker Income Continues to FallPacific Poker Owner's Key Performance Indicators Show Poker Still in Decline |
|
888.com, owner of Pacific Poker, today published its key performance indicators for the first quarter (Jan. to Mar) 2009. The figures show total operating income for its business-to-consumer poker operation was US$14 million, down from $15 million in the fourth quarter of 2008.
The number of active customers in the business-to-consumer poker operation was 133,000, a drop of 3 percent compared to 
the previous quarter in 2008.
The quarterly total operating income per active poker customer was $103, also down three percent compared to the fourth quarter of 2008.
The company, which recently announced it was moving into the business-to-business poker market with the launch of its new network, Dragonfish, said, “The group's financial position is strong with approximately $110 million cash equivalents (of which approximately US$32 million represent liabilities to customers) and no debt leaving the group in a sound position to exploit M&A opportunities when they become available. As such, the board remains confident about further progress during the year.”
Total operating income in the first quarter of 2009 across 888.com’s business units was $57 million, a decrease of four percent compared to the fourth quarter of 2008.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
