Poker profits ‘hit by Euro 2008′
Pacific Poker internet gaming firm 888 Holdings has blamed this summer’s European football championships for a 10% fall in poker revenues.
The company said net gaming revenue from its poker arm was 20 million US dollars (£10.2m) during the quarter to June 30. This was the same sum as the prior year, and 10% down on the previous three months.
Gibraltar-based 888 said the slowdown was “in line with general industry weakness during the Euro 2008 football tournament”.
Revenues per active poker customer during the second quarter were also 9% down compared to the first three months this year, to 116 US dollars (£59).
But 888 added that revenues from the group’s core casino operation were 1% ahead at 35 million US dollars (£17.8m), compared to the first quarter of the year.
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