Poker- und Glückspielaktien : Allgemeines - 2

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Revenue Up 428 Percent at Everest Poker

BY: Brendan Murray
PUBLISHED: Wednesday May 14, 2008

Owner GigaMedia Sees Revenues Up 95 Percent to $36.1 Million in First Quarter of 2008

GigaMedia, the Taiwanese-listed owner of Everest Poker, has announced record poker revenues of $19.1 million in the first quarter of 2008, up 428 percent compared to the same period in 2008 and 47 percent on the fourth quarter of 2008.

During the first quarter, 138,000 active real-money players played on the site, up 53 percent on the previous quarter with 68,000 new depositing real-money players added. Poker makes up 73 percent of GigaMedia’s total revenues.

CEO Arthur Wang said, “GigaMedia continued to execute well in the first quarter -- led again by our Everest Poker software, which grew both revenue and player numbers by about 50 percent over Q4. And, in Asia, we have expanded our online entertainment platform to reach over 65 million registered users, with over 8 million active users per month.

“We are especially excited about our upcoming launch this summer of new games and products in Asia, including our suite of real-money Japanese games. We are building an online entertainment platform that will span Asia and offer a top game and other entertainment experience to our players.”

According to the company, the key drivers for poker revenue growth were strong online and offline marketing initiatives by licensees, as well as affiliates promoting Everest Poker and driving new player signups on Everest Poker.

The company has engaged in TV advertising and launched its product in three new languages in the first quarter of 2008.

Quelle: cardplayer.com

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Paradise Poker Revenue Down 26 Percent Last Quarter
Brendan Murray

Profits Up But Net Poker Rake Falls to £5 Million Last Quarter at Sportingbet's Paradise Poker

Sportingbet PLC, the London Alternative Investment Market-quoted gaming company, today reported net poker rake at Paradise Poker had fallen 20 per to £5 million between February and April 2008 from £6.3 in the same period the previous year.

The first nine months of the financial year to April 2008 rake fell 30 percent to £15.7 million from £22.4 million a year earlier.

A statement from the company said, “Poker, much like the casino business has also suffered from a withdrawal of Turkish based volumes in what remains a very competitive non-US market.”

The company has also confirmed that the two London-based staff of Turkish nationality who were detained last month when visiting Turkey on holiday, remain in custody according to the International Herald Tribune.

On a brighter note for the company group operating profit was up 143.3 percent to £7.3 million compared to £3.0 million in the same quarter in 2007.

Quelle: cardplayer.com

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iPoker Owner Playtech Raises £112 Million
Brendan Murray

Acquisitions on Horizon for Alternative Investment Market-Quoted Playtech

Playtech, the publicly-quoted company which owns and operates the iPoker network, today announced it had raised £112 million — approximately 9.9 percent of its market value. The company said it plans to use the cash to expand through acquisition and pointed to affiliate marketing companies as one possible target.

Chief executive Mor Weizer said, “We have demonstrated our ability to leverage acquisitions and believe this placing will provide the group with an extremely strong balance sheet that will allow it to take advantage of further opportunities that the current market offers”.

The share price at noon today was 533.50p down 14.50p or 2.65 percent.

Quelle:cardplayer.com

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32Red Poker Revenues Flat, Player Numbers Down

PUBLISHED: Wednesday Jul 23, 2008

While Overall Revenues Grow, Poker Remains Flat and Player Numbers are Falling at 32Red

Online gaming operator 32Red has announced poker revenues remained flat in the first six months of 2008 at £0.6 million, the same as both the first and second halves of 2007. The trading update also said that active player numbers had fallen between January and June 2008 to 8,668 from 8,802 in the previous six months (July to December 2007) and from 10,662 in the first six months of 2007.

Poker-player yield for the period was £64. This was down from the previous half in 2007 (£68) but ahead of the January to June 2007 period, when it was £57.

While the figures for poker were disappointing, total gaming revenues were up 26 percent to £6.6m compared to the first half of 2007, and 32 percent on the second half of 2007. The main driver was casino performance, with revenues of £6m between January and June 2008, up 31 percent on the first half of 2007 and 38 percent on the second half of 2007.

“Our distinctive and distinguished brand continues to stand out, and we intend to further expand our UK profile,” said Ed Ware, CEO of 32Red. “We have also successfully launched a mobile phone gaming service, an integrated Bingo offering, and a French-language casino during the first half of the year. While it is too early to assess the full potential of these new platforms, early signs are encouraging.”

Quelle: Cardplayer.com

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Euro 2008 Affects Poker Revenue at 888.com
PUBLISHED: Monday Aug 04, 2008 (1 day ago)

Quarterly Poker Net Gaming Revenue Down While Half Yearly Revenue Remains Flat

888.com, the London-quoted poker and gaming operator, has announced its key performance indicators for the second quarter of 2008.

Net gaming revenue for poker in Q2 2008 (April to June) was US$20 million — no increase over the same period in 2007 and 10 percent less than in the first quarter of 2008. The company said its poker results were in line with general industry weakness during the Euro 2008 football tournament.

Poker active customers remained stable grew 2 percent compared to Q2 2007 to 169,898 but were 1 percent lower than the first quarter of 2008.

Quarterly net gaming revenue per active customer for poker was at US$116 in the second quarter of 2008, down 3 percent compared to Q2 2007 and 9 percent lower than the previous quarter.

The company said it had experienced stronger poker trading in the first three weeks of July 2008.

Total operating income at 888.com, which also offers bingo, sports book, and casino, was up 36 percent to $69 million from $51 million in Q2 2007 and 5 percent over Q1 2008.

Quelle: Cardplayer.com

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Cryptologic Revenues Up as New Business Grows
Brendan Murray


Revenue Up 3.4 Percent Year-On-Year Despite Traditionally Slow Period

Cryptologic, the online gaming software provider, today posted its second quarter 2008 results, which showed modest growth of 3.4 percent to $16.8 million over the same period in 2007.

The company signed up five new customers between Apr. and Jun. 2008 and said casino was the main driver of its increased business, although it noted the massive popularity of the Euro 2008 football championships reduced traffic on licensees' Internet casino and poker sites.

In business developments, the company said it had become the sole provider of Internet casino and poker software to Betjacks, which would target the Irish, UK, South African, and Canadian markets following its launch this autumn.

It also announced it had signed three-year deals with Sky Betting and Gaming and Gaming Media Group, which owns The Poker Channel.

Quelle: Cardplayer.com

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JAXX AG begibt Wandelanleihe über bis zu 4,2 Mio. Euro

Der Vorstand der JAXX AG (ISIN DE000A0JRU67), Altenholz, hat mit Zustimmung des Aufsichtsrats die Begebung einer Wandelanleihe beschlossen. Die Wandelanleihe von 2008/2013 wird eingeteilt in bis zu 161.830 Stück Teilschuldverschreibungen im Nennbetrag von je 21,00 Euro. Der Ausgabebetrag beträgt 26,00 Euro. Jede Teilschuldverschreibung kann innerhalb der in den Anleihebedingungen angegebenen Ausübungszeiträume in zehn stimmberechtigte Namens-Stückaktien der JAXX AG gewandelt werden.

Die Wandelanleihe wird in Höhe ihres Nennbetrags mit 6,66 % p.a. verzinst. Den Aktionären wird ein mittelbares Bezugsrecht eingeräumt, wonach sie für jeweils 99 JAXX-Aktien eine Teilschuldverschreibung zum Bezugspreis von 26,00 Euro beziehen können. Die Bezugsfrist läuft vom 11. September bis einschließlich 26. September 2008.

Mit dem zu erwartenden Bruttoerlös in Höhe von bis zu 4.207.580 Mio. Euro plant die JAXX AG ihr weiteres Wachstum zu finanzieren und die Unabhängigkeit vom deutschen Lotteriemarkt zu erhöhen.

Zur Zeichnung und Übernahme der Teilschuldverschreibungen wird die M.M. Warburg & CO KGaA, Hamburg, zugelassen, mit der Verpflichtung, sie den Aktionären im Verhältnis 99:1 zu einem Ausgabebetrag von 26,00 Euro je Teilschuldverschreibung zum Bezug anzubieten. Von Altaktionären nicht gezeichnete Teilschuldverschreibungen werden bei institutionellen Investoren platziert. Ein börslicher Handel der Bezugsrechte ist nicht vorgesehen.

Das vollständige Bezugsangebot wird am 11. September 2008 im elektronischen Bundesanzeiger unter www.ebundesanzeiger.de veröffentlicht. Alle Informationen werden außerdem auf der JAXX-Website im Bereich Investor Relations zu finden sein.

Quelle: JAXX AG

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Some Interesting Information From PartyGaming's Interim 2008 Results


company logo - partygaming - partypoker PartyGaming released their interim results from the first half of 2008 a few days ago. As always, there is plenty of interesting data and information buried deep within the pages of the reports. Partygaming published two *.pdf files for the public to read: first, the actual interim results file, which is 39 pages long; second, a slideslow presentation on the results, which was 50 pages long. The information posted below is gleaned from those two documents. Some of the information is very interesting. Here is what stuck out to me:

1. A full 35% of the company's revenues in the first half of 2008 came from their casino operations.

2. Only 60% of their revenues during the same time period came from their poker operations.

3. The number of real money poker player signups is at its lowest level since Q1 2006.

4. 20,100 real money Casino signups in Q2 2008 - the highest total ever, by far.

5. Customer debts down significantly from previous years.

6. A full 19.1% of revenues spent on "customer acquisition and retention" (bonuses,etc), while only 14.4% of revenues were paid out to affiliates. This represents the largest percentage paid out for "customer acquisition and retention" since at least 2006, and the lowest amount paid out to affiliates (as a percentage) since at least 2006.

7. PartyGaming has $148.5 million in cash.

8. PartyGaming said that they will continue to build upon "operational excellence" and "delighting the customer." :|

9. This quote was included in their screenshot presentation: "Setting the world's hearts racing through great gaming entertainment."

10. PartyGaming is spending millions in legal fees to try and settle with the DoJ.

11. Party believes that the DoJ is investigating companies that still accept US customers.

12. Party has 190 full-time customer service agents.

13. Party will be re-launching Partypoker.com over the coming months.

14. 25.8% of real money poker signups are still active after 6 months. After 12 months, this number falls to 20.2%. After 18 months, the number is 16.3%.

15. Germany is by far the company's largest producer of net revenues. During the first six months of 2008, PartyGaming had total net revenues of $254.8 million dollars. Of this total, a full $51.4 million dollars came from the company's German customers. Canada was second on the list, having generated a total of $43.0 million in net revenues for PartyGaming. The United Kingdom was third with $27.1 million.

16. The company is currently a defendant in an action brought by two individual US plaintiffs. The two are alleging collusion on the site, and are inviting others to join their action. PartyGaming's has applied to have the action dismissed.


The company's poker product is clearly struggling. It will likely only be a matter of time until poker accounts for less than half of their revenues. It should be interesting to see whether or not the re-launching of Partypoker.com makes any difference and helps to reverse the momentum. People generally want to play where the action is - Pokerstars and Full Tilt Poker clearly have the advantage there, as they are still accepting US customers.

Whatever the case may be, Party Poker is currently the fourth largest poker network in the world according to Pokerscout.com, and is in real danger of dropping to #5. Their casino and sports betting revenues are rising, but I would imagine that many of their casino and sports betting customers signed up to the site to play poker. Declining market share in the poker industry will only hurt their entire operation over the long-haul, and the company definitely needs to figure out a way to reverse their momentum.

Quelle: Information From PartyGaming's Interim 2008 Results

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Speculation Mounts on Scope of PartyGaming Redundancies

PartyGaming, which last week confirmed a redundancy plan to the Gibraltar Chronicle, could be cutting up to one-third of its 330 plus workforce according to Panorama, an online daily news source on the Rock.

According to sources quoted to the news site and Gibfocus.gi, over 100 redundancies have already been confirmed internally and the figure could be as high as 120 to 130.

The company recently said unfair competition from online operators still serving the U.S. market (PartyGaming, a publicly quoted company pulled out of the U.S. after the Unlawful Gambling Enforcement Act was passed) was having a negative effect on its business.

Quelle: cardplayer.com

[TheFolder Profil Website]

Partygaming's Stock Hits All-Time Low

Many North American and European publicly traded stocks have been hammered over the past couple of months, and PartyGaming is no different. The stock of PartyGaming (PRTY) closed at 173.50 today, which marks the lowest level that it has ever traded at (don't forget that the company did a 1:10 reverse split in May). The stock closed down 14.50 points on the session, or 7.71%.

PartyGaming has lost nearly 100 points of value in just three short months. On June 17th, 2008, the stock closed at 270.50 - on September 17th, 2008, the stock closed a full 97 points lower than that level.

When the company first went public in 2005, it traded as high as 1800 (split adjusted). When the UIGEA was enacted, the stock dove from approximately 1,070 to 300, but then slowly worked its way back up to around 560 or so. The stock then proceeded to retreat from its April of 2007 levels, and has never come even close to reaching those levels again.

According to the PartyGaming website, the company now has a value of 714 million pounds. To put this into perspective - when the company initially went public in 2005, it had a value of 4.64 billion pounds on its first day of trading. In the months that followed, the company's stock traded up an additional 39%, giving the company a valuation of almost 6.5 billion pounds. Sure the company has had to deal with some trials and tribulations (namely UIGEA), but still - this is quite the stunning decline.

Partygaming has struggled to create an identity for itself post-UIGEA. Their highest-earning players have largely moved over to Pokerstars and Full Tilt Poker (by their own admission), and they are finding themselves in a fierce battle with the iPoker network, the Ongame Network and Everest Poker as well. In a hyper-competitive online poker landscape, Partygaming seems to be moving backwards while other companies are moving forward.

Will a new CEO help? Will a settlement with the DoJ help (if it happens)? Will the company's diverse product offerings help? Or will the once-enormous company continue to sink into obscurity?

Partygaming's Stock Hits All-Time Low

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Bwin Quarterly Online Poker Revenue Grows


Moderate Revenue Growth at BWIN Poker as PokerRoom and EuroPoker Underperform

Net gaming revenue at Austro-German online poker room bwin poker grew 7 in the third quarter of 2008 to €19.8 million Bwincompared to the same quarter of 2007 while growth in the first nine months of 2008 was up 4 percent to €58 million.

While the number of active customers in the third quarter of 2008 fell 9 percent to 206,791 compared to 227,038 in the third quarter of 2007, the number for the first nine months of 2008 grew 23 percent to 509,910 compared to the same period in 2007.

The company said in its interim report that, “Whilst bwin poker is experiencing dynamic development, the poker labels PokerRoom and EuroPoker remained below expectations. As already announced, the various different poker labels will be merged into the bwin poker label during the course of Q1 2009. This will enable the poker segment to benefit from the strong bwin brand coupled with improved cost efficiency.”

It also said it expected this merger would offer a “significant reduction in foreign currency fluctuations…[as] deposits with bwin poker are valued in euros, whilst customer deposits with the PokerRoom and EuroPoker labels are valued in US dollars.”

Overall bwin interavtive, which also operates sportsbook, casino, and bingo, saw gross gaming revenues up 11.2 percent to €95.9 million compared to €86.2 million in the third quarter of 2007.

Quelle: Card Player

Also werden Pokerroom und Europoker Anfang 2009 mit Bwin verschmolzen und verschwinden somit vom Markt.

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Everest Poker Revenues Up Seven Percent Last Quarter

GigaMedia Third Quarter Results Show Overall Revenue Increases Year-On-Year

GigaMedia, the publicly-quoted Asian online gaming operation, saw revenue at Everest Poker grow 7 percent, year-on-year, in Everest Poker logothe third quarter of 2008 to $23.5 million. However, compared to the previous quarter revenue fell 14 percent.

There were 176,000 active depositing players during the third quarter 2008, this was down 8 percent on the previous quarter which the company says reflects the traditionally slow third quarter of the year.

New depositing real money players expanded 8 percent from the previous quarter to 38,000.

Overall the company, which recently integrated its casino and poker platforms, saw revenues increase 16 percent to $45.7 million compared to the same quarter in 2008 but this was 7 percent lower than the second quarter of 2008.

Arthur Wang, CEO of the company said, "The financial turmoil has created many concerns, many fears. Nevertheless, the fact is we continue to run a high-growth business generating high levels of free cash flow and look to an even better 2009 supported by a strong balance sheet and cash position with no net debt.

Quelle: Card Player

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Pacific Poker Revenues Steady in Tough Trading Conditions


Currency Depreciation and Global Economic Downturn See Poker Remain Flat

Net gaming revenue at Pacific Poker, the online poker offering from publicly-quoted gaming operator 888.com, remained steady at $18.7 million in the third quarter of 2008, marginally higher than the third quarter 2007 figure of $18.6 million.

However in the three trading quarters so far this year poker revenue has dropped from $21.9 million (Q1), through $19.8 Pacific Pokermillion (Q2) to the current quarter figure of $18.7 million.

The number of active players at Pacific Poker also remained broadly steady at 169,607 from 168,105 in the third quarter of 2007 while net gaming revenue per active player reflected these figures with third quarter 2008 yielding $110 compared to $111 a year earlier.

In the third quarter reporting period the company released Pacific Poker in four new languages ― Russian, Latvian, Lithuanian and Estonian with seven further languages to be released shortly; Japanese, Greek, Hungarian, Bulgarian, Romanian, Hungarian and Czech.

Overall net gaming revenue at 888.com which includes casino and bingo was up 23 percent to $66 million from $57 million in the third quarter of 2007.

Gigi Levy, CEO of the company identified the tough trading environment but was confident of continued success saying, “We have delivered another quarter of solid performance, which was impacted by the global economic crisis and the extreme volatility in exchange rates…Our firm foundation of B2C earnings will be complemented by our growing B2B line of business which will be an increasingly large contributor over the medium term. We look forward to delivering growth this year and beyond.”

Quelle: Card Player

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PartyGaming Results Decline Slightly
25-11-08

Gibraltar-based online gaming provider PartyGaming has released its results for the third quarter of the year showing strong growth in its casino, bingo and sportsbetting businesses but a decline in revenues from poker.

PartyGaming revealed that poker revenues for the third quarter were down to $65 million from the $76.3 million it earned during the same period last year. The firm stated that this was due to lower player frequency and yield and also reported that nine-month revenues from poker decreased one percent to $218.9 million.

However, revenues from its casino business grew 25 percent to $45.9 million for the third quarter from the $36.7 million it reported for the same period last year due to higher player numbers and yields. Nine-month revenues from its casino business fared even better by increasing 33 percent to $135.8 million.

In addition, its sportsbetting division reported that revenues grew by 19 percent for the quarter to $5.1 million from the $4.3 million it reported for the same period last year due to continued growth in live betting. It declared nine-month revenues from sportsbetting of $14.1 million, which was 29 percent up on the $10.9 million it acknowledged for last year.

Completing the good news, bingo revenues were up by 143 percent to $1.7 million for the short-term from the $700,000 announced for 2007’s third quarter due to a growth in the firm’s UK business. Just as spectacular, nine-month revenues from bingo increased 106 percent to $3.7 million from 2007’s $1.8 million.

Overall, PartyGaming reported total revenues of $117.7 million for the quarter, which was $300,000 less than last year’s third quarter, alongside an eleven percent rise in nine-month results to $372.5 million.

“We are making solid progress on executing our strategic plan, albeit against a challenging economic backdrop and strengthening US Dollar,” said Jim Ryan, Chief Executive Officer for PartyGaming.

Quelle: igamingbusiness.com

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Sportingbet Profits Rise 45 Percent
01-12-08

London-based online sportsbetting and gaming group Sportingbet has released its unaudited results for the past three months showing a 28 percent rise in net gaming revenues to $59.84 million.

For the three months to the end of October, Sportingbet revealed that its operating profit, adjusted to exclude exceptional items, share option charges and amortisation, increased 45.2 percent to $9.38 million while net gaming revenues from its sportsbetting operations grew by 34 percent.

In addition, the relaxation in Australian advertising restrictions helped the firm post a 25.4 percent increase in amounts wagered to $561.32 million from the $447.49 million reported for the same period last year. The successful launch of live sports streaming to enhance its in-running product also helped and saw the AIM-listed company testify to earnings before the deduction of interest, tax and amortization expenses of $12.31 million, 42.9 percent higher than last year’s $8.61 million.

Sportingbet operates under licenses from the UK, Australia, Alderney, Italy and Antigua and reported net cash minus any long term debts and customer liabilities of $29.99 million, which was slightly down on last year’s $31.22 million.

“While sportsbetting has historically shown itself to be ‘recession hardy’, no industry is ‘recession proof’,” said Andrew McIver, Chief Executive Officer for Sportingbet.

“Unfortunately, there is also no empirical data with regard to the online casino and poker industry to estimate what the impact of an economic downturn may or may not be on these products. That said, customer metrics remained very robust both during the quarter and in the four weeks since it ended. As such, the board remains cautiously optimistic in achieving the group’s full-year forecast.”

igamingbusiness.com

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Partygaming steigt um 27%

Partygaming steigt heute um starke 27%, da sich Mitgründer Arurag Dikshit mit der amerikanischen Justiz geeinigt hat. Es kommt zu einer Zahlung von 300Mio US-$. Eventuell sogar zu einer Gefängisstrafe. Die Einigung wurde vom Markt äusserst positiv aufgenommen.

PartyGaming On Verge of Settling With the US Department of Justice?


PartyGaming turned in one of its strongest days ever as a publicly traded company on Tuesday, soaring over 27% to close the session at 176.50.

This was an eventful day for the company after word leaked that co-founder Arurag Dikshit was preparing to plead guilty to a charge related to "illegal online gambling".

Dikshit, who owns 27% of PartyGaming's shares, is reportedly going to fork over $300 million dollars to US authorities, and also runs the risk of spending some time behind bars. The Financial Times reported that Dikshit could conceivably spend up to two years behind bars, but that this is unlikely given that he voluntarily stepped forward and doesn't have any previous convictions.

PartyGaming shares really took off on Tuesday after the company released a statement, saying that it was still in negotiations with the US Department of Justice.

The company said that its own settlement has nothing to do with the settlement of Anurag Dikshit. PartyGaming also said that they expect their settlement with the DoJ to cost far less than $300 million dollars, and that a settlement was unlikely to include a criminal plea "on the part of the company or a director".

The stock soared on the "significantly less than $300 million dollars" statement, as many predicted that a settlement with the DoJ could cost PartyGaming as much as a billion dollars.

Other stocks that are currently in settlement negotiations with the US DoJ moved higher on the news as well. 888 Holdings did particularly well, trading up over 14% on the session.

Industry observers believe that a resolution of the sector's "legal situation" in the United States will lead to a wave of consolidation within the industry.

Quelle: Poker-King.com

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iPoker Network Revenue Up 73 Percent in 2008


Growth Continues Unabated at iPoker Network; Poker Soars Over €30 Million

The iPoker network, home to online poker rooms like PaddyPowerPoker, Titan, Boylepoker, and BlueSqPoker, today announced fourth quarter revenue of €8.6 million, up 43 percent on the same quarter of 2007.

Total revenue for the Israeli-based poker network hit €30.1 million in 2008, up 73 percent on the €17.4 million generated in iPoker2007.

Publicly-quoted parent company Playtech saw total revenue for 2008 total €111.5 million, a jump of 70 percent on the €65.7 million earned in 2007. The balance was made up of casino revenues which leapt 68 percent to €79.4 million.

Playtech entered the regulated Italian poker market at the end of December and the company’s interim report said of the move, “Current results indicate that the Italian poker network has proven to be significantly revenue enhancing and above management's expectations.”

The company also added a number of poker rooms throughout 2007.

Mor Weizer, CEO of Playtech said of the key performance indicators, “Once again we have enjoyed a successful quarter both operationally and strategically as we continue to grow the business and make the most of the opportunities presenting themselves.”

Quelle: Cardplayer.com

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Mixed Results For 888 (Pacific Poker)
12-02-09

Gibraltar-based online gaming operator 888 Holdings has announced its financial results for the fourth quarter of last year showing an eight percent decline in total operating income when compared with same period in 2007.

The trading update revealed total operating income for the final three months of 2008 fell to $60 million from the $65 million it reported for the fourth quarter of 2007 while the figure for the entire year rose 21 percent to $263 million from $217 million.

Gibraltar-based 888 blamed the drop on adverse foreign exchange movement, challenging trading conditions and an ‘uncertain recessionary economic environment’.

888 is one of the world's most popular online gaming providers and revealed that net gaming revenues for the year from its ‘emerging offering’ rose 209 percent to $45 million from $14 million for 2007. In addition, net gaming revenues from its casino offerings were up 13 percent for the year to $134 million from $118 million while those from poker declined six percent to $76 million from $81 million.

It reported that the number of real money registered accounts grew 24 percent to 5.8 million for the year and said that it was on track to meet or exceed full-year market expectations.

'888 demonstrated tremendous progress during 2008 with a 21 percent total operating income growth despite a disappointing fourth quarter,” said Gigi Levy, Chief Executive Officer for 888.

“The prolonged and deepening economic downturn and volatile adverse foreign exchange movements meant unprecedented challenging trading conditions following the end of the summer holiday season. Players played less and we recognised lower revenue denominated in US dollars. However, this was partly mitigated by tighter cost control and cost savings given the group's high proportion of costs, which are denominated in non-US currencies.”

Quelle: igamingbusiness.com

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Record Gaming Revenues For Bwin
11-02-09

Leading betting and gaming provider Bwin Interactive Entertainment AG has announced that its gross gaming revenues for the fourth quarter of last year rose 15.1 percent to hit a record €117.7 million from 2007’s €102.2 million.

The Vienna-based firm revealed that this would push its gross gaming revenues for the full year up by 19 percent to €420.9 million from the previous year’s €353.5 million.

“Based on forecast gross gaming revenues for 2009 of €430 to €445 million, management anticipates an adjusted EBITDA of at least €100 million,” read the preliminary report from Bwin.

“For the financial year 2008, the company expects an adjusted EBITDA of €65 million.”

Bwin reported that sportsbetting gross gaming revenues also rose 8.5 percent when compared with the final quarter of 2007 to hit a record €64.5 million from €59.5 million with a margin of 8.1 percent while poker revenues also increased 27.1 percent to €27.7 million from €21.8 million. It revealed that casino revenues were up 19.5 percent to €19.3 million from €16.1 million for the fourth quarter of 2007 while games revenues rose a record 27.9 percent to €6.2 million from the previous year’s €4.8 million. Bwin had 1.2 million active and 323,000 new active real-money customers, which compares very favourably with the previous year’s 900,000 million active and 234,000 new active real-money customers.

For the year as a whole, Bwin reported that sportsbetting gross gaming revenues rose 21.1 percent to €235.4 million with a margin of eight percent while poker revenues also increased 14.2 percent to €94.2 million. Casino revenues were up 14.3 percent to €70 million while games revenues rose 37.3 percent to €21.3 million.

Finally, the Austrian company reported that it had 2.1 million active and 1.1 million new active real-money customers in 2008, which were up on 2007’s 1.7 million active and 804,000 new active real-money customers.

Quelle: igamingbusiness.com

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ParadisePoker Revenue Sees 10 Percent Quarterly Drop

Poker Revenue Falls As "Poker market remains highly competitive across Europe"

Sportingbet Plc, the publicly quoted owner of ParadisePoker, today announced its interim results for the second trading quarter ending Jan. 31 2009.

Poker revenue in the period was £5.3 million, down 13 percent from £6.1 million in the same period of 2007/08 while for the ParadisePokersix months to Jan. 31 2009 revenue was £9.7 million, down 10 percent on the same quarter a year earlier.

In its statement the company said, “Poker now accounts for just 12 percent of the Group’s revenue, down from 15 percent in quarter two 2007/8. Poker remains challenging as the environment remains very competitive with large US-focused poker companies, in particular, using their significant cash flow and high liquidity to attract European customers.”

Last year ParadisePoker experienced a drop of 18 percent in poker revenue.

The company, which also operates online sportsbook, casino and gaming, saw overall net gaming revenue up 6 percent in the second quarter to £43.6 million from £41.2 million a year earlier while operating profit was up 35 percent to £10.1 million.

Quelle: Cardplayer.com