Centrebet Poker Revenue Down 17 Percent in 2009Australian Bookmaker Reports Steep Drop in Full Year Poker Revenue |
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Centrebet, the publicly-quoted Australian bookmaker, today issued its full year 2009 financial report which states poker revenue fell 17 percent to AUS$3.8 million (€1.5 million) in the year to June 30, 2009.
The company said this was consistent with international online gaming industry trends. “Poker is an important retention tool for wagering and casino clients and Centrebet is focusing on maintaining current revenue levels via improved acquisition and retention initiative," the report said.
Last year poker revenue grew in real terms but was negatively impacted by the US$-AUS$ exchange rate.
Overall however the company saw strong online growth with casino revenue growth of 10 percent to $13.8 million, driven by massive growth in Instant Casino products which expanded by 119 percent to $4.5 million.
The company made a net profit after tax of $11.0 million on the back of solid growth in Australian online revenue, which was up 23 percent to $32.9 million.
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