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DATE: May 25 2012
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Poker.co.uk - Poker News Archive

Tuesday 18th October 2005

Empire Online Sees a Drop in Profits

PartyGaming�s bid to slow down their competitors by banning their rivals� players from gambling at PartyGaming�s tables seems to be working, as Empire Online issued a profits warning today, one week after PartyGaming�s announcement.

Empire Online says their profits will be 10% less than expected for the year ending December 2005, following a fall in gaming revenues from Empire�s online casino, EmpirePoker.com.

�Since that date, the company has seen a slowdown in the rake generated by EmpirePoker.com,� says a representative from the company.

�The company now expects net profit for 2005 to be approximately 10% lower than consensus market estimates.�

In addition, Empire�s shares have dropped by 5% today.

Source: OnlineCasinoNews

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