888 Poker Income Falls 36 Percent in Second Quarter888 Poker Income Continues Downward Spiral |
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888.com, the publicly-quoted online gaming operator based in Israel and London, today announced total operating income in its business-to-consumer (B2C) poker unit fell 36 percent to US$8 million in the second quarter of 2010 from US$13 million in the same period of 2009.
The company said this was “in line with general online poker trends” noting that, “Trading throughout this period has been challenging, impacted by a number of factors including general online poker weakness, adverse F/X and, in relation to Poker and Casino, the World Cup.”
The company recently acquired a licence to operate an online poker business in France while it also acquired a social media gaming company.
The number of active customers in the B2C poker business was also down, 15 percent, to 122,000 from 142,000 a year earlier meaning income per active poker customer was down 25 percent to US$66.
In the first six months of 2010 total operating income from B2C poker was 25 percent lower at US$20 million compared to US$26 million in the first half of 2009.
The company also operates sportsbook, bingo, casino and business-to-business units and saw total operating income across all units remain static in the second quarter of 2010 at US$61 million compared to the same period a year earlier.
The company told Reuters newsagency it had been contacted by rival gaming companies about merger opportunities in the wake of last week’s announcement that major industry players bwin and PartyGaming were to merge.
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