PartyGaming Poker Revenue Down 10 PercentPartyGaming Revenues Up But Poker Continues To Contract |
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PartyGaming, owner of PartyPoker.com, today announced its first half 2010 key performance indicators. Poker revenue fell 9.6 percent in the first six months of this year to €64.4 million compared to €71.2 million in the first six months of last year.
However the company more than compensated for this with strong performances in sports and casino helping drive total revenue up 30 percent to €181.2 million in the period compared to €139.9 million a year earlier.
CEO Jim Ryan, who recently reached agreement with bwin on merging the companies next year, said “While poker was impacted by the football World Cup and remained difficult from a competitive perspective, our other verticals continued to perform strongly.
“As previously announced, Clean EBITDA margins in the first half were slightly lower than expected due to the delayed launch of cash game poker in Italy but we retain our previous full year guidance of approximately 28%, subject to the returns achieved on planned marketing spend in both France and Italy where we are continuing to expand the share of our respective poker networks.”
Other key performance indicators for poker showed active player days declined to 2.5 million in the first half of 2010 from 3.9 million in the first half of 2009, daily average players in the same period fell to 13.8 million compared to 21.3 million, and new real money signups declined to 76,100 from 128,300.
Yield per active player increased to €14.5 from €13.4.
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