Poker Income Slumps at 888.comSecond Quarter 2009 Poker Revenue Falls 36 Percent at Israeli-Based Gaming Company |
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888.com, parent company of Pacific Poker, today said its operating income for poker was
down 36 percent in the second quarter of 2009 at $13 million compared to $20 million in the same period last year. Operating income for the period was down 9 percent on the first quarter of 2009.
The number of active business to consumer poker customers was 142,000, a decrease of 7 percent compared to the second quarter of 2008 but up 7 percent compared to the previous quarter 2009.
Quarterly total operating income per active poker customer was US$88, a 32 percent drop on the second quarter of 2008 and a 15 percent decrease compared to the first quarter of 2009. The company said this was based on an extensive campaign late in the quarter which brought many customers toward the end of the quarter who did not have sufficient playing time to materially contribute to revenues
Total business to consumer poker operating incomefor the first six months of 2009 was $26 million, down 37 percent compared to the first half of 2008 when it was $42 million.
Gig Levy (pictured), chief executive officer at 888.com, said, “Trading was stronger in Casino and Emerging Offering with Poker remaining softer, in line with wider industry trends. We are particularly encouraged with increased active customer levels in both B2C Casino and Poker. We are confident of delivering further growth during 2009 based on additional planned B2C activities and a set of newly launched B2B partnerships which we expect to start generating revenues in the coming months."
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