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

Friday 21st October 2005

Empire Online Issues Profit Warning

Online gambling group Empire Online issued a profit warning today after its players were barred from gambling at the same tables where clients of poker giant PartyGaming were also playing.

Earlier this month, PartyGaming decided to shift all of its PartyPoker.com's players across to a new operating platform. This move is an attempt by PartyGaming to cut the amount of 'rake' it passes on to Empire and other so-called 'skins' for bringing players to its site. It hopes players will sign up directly with PartyPoker without having to wait for them to come through other sites like Empire.

Empire said this decision would mainly impact the value of its existing customer base.

Due to PartyPoker's move and its effect on EmpirePoker.com, company now expects Empire Online�s net profit for 2005 to be approximately 10% lower than consensus market estimates for the twelve months ended 31 December 2005.

Source: OnlineCasinoNews

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