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

Saturday 10th June 2006

Online Casinos Reaping Rewards from Poker Revenue

Poker�s rise to prominence through television and entertainment exposure has recently been driving more and more people to the online casino, wanting to chance their online gambling hands.

Given recent debates highlighting the potential risks of online casino poker, it comes as welcome news to online casinos that poker currently accounts for over half of their revenue, and that demand for the latest poker games is greater than ever.

Two years ago, one of the most successful online casino poker companies, Leisure & Gaming decided to develop its own poker site and today its business is valued at �92 million pounds sterling. The company�s 2005 results revealed online casino profits of $13.2 million U.S. dollars before tax, which was a 26% increase on the previous annual figure, driven largely by their online poker outlet.

Leisure & Gaming will be using profits to spearhead several planned acquisitions of smaller gaming companies to solidify its interest outside the U.S., and to continue development of their new online bingo products.

Source: OnlineCasinoNews

View Similar Stories
River Belle Merges Online Casino and Poker Accounts
Online Casino Gives Away Another Luxury Poker Vacation
US Firm: Online Casino Revenue to Double by 2010
Online Poker Driving Gambling to New Heights
Poker Movie Confirms Online Casino

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.