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Poker Business News From Europe

by Card Player News Team |  Published: Aug 01, 2010


Cash-Game Players Fall 18 Percent at 888 Poker, owner of Pacific Poker, issued a weak trading update for the period January to May 2010 saying daily average ring (cash) game players fell 18 percent. The update indicates that, “management believes that this decline reflects industry-wide trends”. The company said revenue had also been affected by the weakness of the euro against the U.S. dollar, the currency in which it reports. It is expected that the forthcoming move into the newly liberalised French market will also negatively impact trading in the short-to-medium term as the company increases marketing spend in order to launch the business and gain market share. Poker revenue in the business-to-consumer unit fell 15 percent to $12 million in the first quarter of 2010. Winamax Poker Gets €12 Million Investment Winamax Poker has received a €12 million cash injection from French private equity firm AGF ahead of ...

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