Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Thursday 27th April 2006

Poker Sale Hits Online Casino Profits

Empire Online has announced Q1 2006 financial results that included an expected shortfall in revenue after the sale of its Empire Poker site. The online gaming operator is now concentrating on new acquisitions and has set aside up to �145.1million to do so.

Empire's total first-quarter net gaming revenue was �11.8m, compared with �12.6m in the preceding quarter and �13.7m a year ago. Casino revenues nearly tripled year-on-year to �8.6m but it was the poker revenue that caused the decrease in profits

Following the �140.2m sale of Empire Poker to PartyGaming in February, poker profits fell by 69% to �3.3m.

A spokesperson for Empire Online confirmed the desire to look for new acquisitions, �Empire Online is actively seeking to acquire complementary gaming businesses in such areas as sports betting, skill-based gaming and soft-gaming niches such as bingo. In addition, the company is exploring further poker and casino acquisitions.�

Source: OnlineCasinoNews

View Similar Stories
Empire Poker Sale Hits Q1 2006 Revenue
Online Casino Promoter Reports Big Profits
Party Gaming Announces Sharp Profits Rise In Online Casino And Poker
Poker Million Winner Hits Second Online Casino Jackpot
River Belle Merges Online Casino and Poker Accounts

Discuss this story in the Poker Forum. Last 5 Posts:
Friday 25^th May, 2012: One way poker Swapsies
Friday 25^th May, 2012: New Bap - Day 3
Friday 25^th May, 2012: WSOP Fantasy Draft 2012
Friday 25^th May, 2012: Sharkscope
Friday 25^th May, 2012: $1500 WSOP opening event.

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.