iPoker Revenue Down 12 Percent in Second Quarter
Poker A Black Mark On Playtech’s Second Quarter Performance
Poker revenues at Playtech, owner of the iPoker network, fell 12 percent to €4.4 million in the second quarter of 2012 compared to €5 million in the same period a year earlier.
Compared to the first quarter of 2012 poker revenue slumped 18 percent.
In the first six months of 2012 poker revenue declined by 9 percent.
The slide in poker performance is in stark contrast to other business verticals which saw significant growth including casino which saw revenue jump 36 percent year-on-year to €37.1 million and bingo which expanded 21 percent to €4.4 million in the same period.
Overall total revenue at the Israeli-based software and services provider rose 99 percent to €78.6 million.
Mor Weizer, ceo of Playtech, said, “First half performance for 2012 has been very encouraging and all products, with the exception of poker, have achieved strong year-on- year growth. I am also particularly pleased that Playtech achieved a Premium Listing on 2 July, which marks the Company’s exceptional progress since listing on AIM in 2006.”
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