Year-on-Year Fall for PartyPoker Revenue ContinuesPartyPoker.com Year-on-Year Revenue Down But Quarter-on-Quarter Continues to Improve |
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PartyGaming Plc, parent company of PartyPoker, saw poker revenues fall 11 percent to $49.1 million in the fourth quarter of 2009 from $55.1 million a year earlier.
However this figure was up 9 percent on the third quarter of 2009.
Average daily players were down from 536,000 in the fourth quarter of 2008 to 517,000 in the fourth quarter of 2009.
Again the fourth quarter 2009 performance was up 3 percent on the previous quarter of 2009.
Year-on-year active player days were down 2 percent, yield per active player days dropped 8 percent, unique active players fell 3 percent and average daily revenue was 11 percent lower.
Quarter-on-quarter (Q4 2009 compared to Q3 2009) these metrics show improvement with active player days up 4 percent, yield per active player days jumping 6 percent, unique active players growing 1 percent and average daily revenue up 9 percent.
These figures do not include the World Poker Tour which the company acquired last year. It generated $700,000 for PartyGaming.
PartyGaming recently signed a deal with Danish gaming monopoly Daske Spil to operate its forthcoming online poker site.
Jim Ryan, chief executive officer said, “Having recaptured the number one spot in the world in terms of poker liquidity [excluding U.S. facing sites] and with our integration of Cashcade and the World Poker Tour (‘WPT’) well on track, our performance in the first four weeks of 2010 has been in-line with the Board’s expectations and we remain confident about our prospects for the full year.
“With the introduction of ring game poker, casino and bingo anticipated in Italy in the first half of 2010, the opening of the French market later this year and Denmark in 2011, we believe the outlook remains positive.”
Overall PartyGaming’s group revenue was up 17 percent against the previous quarter to $132.2 million with full year revenues down from $472.9 million in 2008 to $446.2 million.
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