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Playtech’s Poker Revenue Falls Nine Percent

iPoker Network Confirms “Significant New Licensees” In Pipeline As Challenging Market Takes Toll

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Playtech, owner of the iPoker network, today confirmed a fall in first half 2012 poker revenue of nine percent to €9.7 million from €10.7 million in the first half of 2011.

The company said in its interim statement, “The international poker market remained challenging for the first six months of the year. The iPoker network maintained its position as the leading independent poker network in the dotcom market place, and we are currently in discussions with a number of significant new licensees who wish to join the network.”

The latter reference may refer to Everest Poker which was recently rumoured to be giving up its proprietary poker software to join the iPoker network which is due to split into two liquidity pools on September 1.

Elsewhere the company’s news was more cheery with gross income was up by 86 percent to €176.5 million compared to €95.0 million a year earlier boosted by casino which grew 36 percent.