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32% Down of Playtech Poker Revenue

The owner of iPoker sees huge slump in their revenue. Over the years, Playtech have offered a first class poker product to their poker network. This Israeli online poker network operator and software developer reported that their poker revenues were down 32 percent to $5million during the three months to June 2011.

This percentage was compared to the €7.3 million in the same period last year. Also, compared to the first quarter of 2011, it is 12 percent lower when they reached the revenue of €7.3 million. So far, over the six months, the poker revenue is actually down 33 percent because it was counted €10.7 million compared to the €15.8 last year.

The chief executive officer of the company confirmed that the trading statement for Coral Poker was making the move to iPoker. Mor Weizer said “Today we have also announced the signing of significant contract with Gala Coral to provide its online technology platform across all channels. We were first in the market to launch casino and cash poker tables in Italy this week including SNAI and SISAL as well as other existing and new licensees, and welcomed both William Hill Online and Titan Poker into the Italian network.”

Their total revenue including the lesser bingo revenue and significant ones from the casino was up for 8 percent in the second quarter of 2011. A year earlier they reached €36.8 million and for this second quarter of 2011 they reached €39.6.Overall, you can still assure to hold a winning hand as you play the game. There are brand new clients offering their re-designed lobby and resizable tables, broad choice of table stakes, buy-ins, unique automated and fully flexible VIP suite plus marketing tools, and there are also large and easily customized banner ads. As of now, the iPoker remains the world’s largest independent poker network in town with the vast array of expertly managed and designed tournaments.

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