iPoker Revenue Up 12 Percent in 2009Playtech’s iPoker Network Generated Revenues of €33.8 million in 2009 |
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Playtech, owner of the iPoker network, today announced its key performance indicators for the final quarter and full year for 2009.
Poker revenue was up 12 percent in the year to Dec. 31, 2009 to €33.8 million from €30.1 million for all of 2008.The rate of poker revenue growth in 2009 was significantly below that which was achieved in 2008.
Poker revenues for the final quarter (Oct. to Dec.) totalled €8.4 million, up 3 percent on the previous quarter.
However this represented a drop of 2 percent when compared to revenue from poker in the final quarter of 2008 when it was €8.6 million.
Overall Playtech saw gross income up 23 percent to €137.3 million for the 12 months to the end of December 2009 from €111.5 million for the year to the end of 2008.
Mor Weizner, chief executive officer of Playtech said, “"The fourth quarter was a solid quarter with strong increases in all business areas. This strong performance has continued in the first three weeks of the year. The Board is very comfortable with market expectations for the year ended 31 December 2009 and looks forward to 2010 with confidence as another significant year of development."
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