Poker Revenue Up Two Percent at Betfair
Betting Exchange Sees Stabilisation in Poker Revenue
Poker revenue was up two percent to £22.9 million at Betfair in the year to the end of April 2012 from £21.9 million. This compares to a fall of 15 percent in financial year 2011.
Poker actives fell by 9 percent to 147,000 from 161,000 in the same period while revenue per user rose to £152 from £136.
The company, which moved to the Ongame network in 2010, said, “Q1 was the final quarter to be affected by year-on-year comparisons to the pre-migration period before the move to the Ongame network which caused an initial decline in revenue.
“Poker revenue has now seen six quarters of stability since the migration. Excluding Italy, revenues in the final nine months of the year increased by 14%.
“In Poker, an emphasis on recreational players and improving network ecology has seen like-for-like revenue increase 6% year-on- year, excluding Italian revenues.”
|1||Bilzerian Eyes Prop Bet To Recover Poker Losses|
|2||Judge: Ivey Didn't Commit Fraud Against Borgata|
|3||ESPN: Kassouf Coolered From WSOP Main Event|
|4||Bieber Spotted Playing In Poker Cash Game|
|5||Warriors Accomplish Rare Gambling Feat|
|6||Poker Hand of the Week: What's Your Play?|
|7||Hollywood Park Casino's Grand Opening Oct. 21|
|8||Poker Strategy: Taking Advantage Of Loose Play|
|9||Poker Strategy: Effectively Using Pot and Implied Odds|
|10||NJ Passes Bill To Block Taj Mahal Reopening|
|1||Josephy Calls Kassouf A Clown On WSOP Broadcast|
|2||Bilzerian Eyes Prop Bet To Recover Poker Losses|
|3||Judge: Ivey Didn't Commit Fraud Against Borgata|
|4||Zachary Smiley Wins WPT Maryland Live! Main Event|
|5||Poker Strategy: Which Hands To Reraise|
|6||Wynn Says Berman Beat Him Up At Poker|
|7||Poker Strategy: The Preflop Checklist|
|8||Rules Guy: Did William Kassouf Deserve A Penalty?|
|9||Maryland Poker Rooms Rake $2.7M In September|
|10||MGM Resorts Renews Push For Georgia Casino|