Paradise Poker Revenue Grows 6.6 Percent in Last Quarter

Sportingbet yesterday issued its quarterly financial report for the three months to January 2010. Poker revenue from the company’s Paradise Poker site was up 6.6 percent to £6.5 million compared to £6.1 million in the same period last year.

Poker now makes up 11.3 percent of Sportingbet’s revenue compared to 12.6 percent this time last year.

The company said, “The poker business has benefited from the launch of an instant Flash based poker client, further local market initiatives as well as changes to the overall operation of the poker network during the period.

“During the quarter the Group signed a new three year contract with Gtech G2 (Boss) the provider of the Group’s poker, download casino and certain Flash based games. The contract provides that Gtech will be the exclusive supplier of poker software and download casino unless otherwise agreed on a country by country basis.”

Net poker revenue was also up hitting £5.6 million in the first quarter of 2010 compared to £5.3 million in the same period last year.

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