Poker.co.uk

Poker Info
DATE: May 22 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Monday 4th August 2008

Pacific Poker profits 'hit by Euro 2008'

Pacific Poker’s internet gaming company 888 Holdings have blamed the Euro 2008 football champions for the 10% drop in the company’s net revenue. The $20,000,000 during the second quarter of the year was the same as this time last year, but down 10% on the previous three months. The company believe the slowdown was not specific to them though, instead believing the drop to be 'in line with general industry weakness during the Euro 2008 football tournament'. The amount earned from each of their active customers was down 9% on the previous quarter, with each player netting the company $116 per head. While the poker revenues may have been hit, the company did explain that general casino operations on the site has grown 1% compared to the first quarter of the year. Chief executive Gigy Levy said: 'We are delighted with our second quarter results, especially given that we achieved sequential quarterly growth during a period which is typically seasonally quiet and throughout the Euro 2008 championship.'

�

Source: OnlineCasinoNews

View Similar Stories
First Ever Affiliate Series of Poker Played at CAP Euro
Asia Pacific Poker Tour Finds Seoul-Mate
PokerStars.com Sponsors Asia Pacific Poker Tour
Pacific Poker Unveils EPT Qualifier

Discuss this story in the Poker Forum. Last 5 Posts:
Tuesday 22^nd May, 2012: Brag Thread! Post your greatest wins (online or live) here.
Tuesday 22^nd May, 2012: One way poker Swapsies
Tuesday 22^nd May, 2012: Party Poker and William Hill (iPoker) BAP
Tuesday 22^nd May, 2012: Warning - Challenge (not as good as Scrotes) Contained Within
Tuesday 22^nd May, 2012: One Way Bristol - WORST STAKING THREAD EVER!!

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.