Poker growth in Italy during October November 2011
Cash games and tournaments both show growth from previous month in Italy
Poker turnover grew by 24% year on year in Italy during October, thanks to strong performance from cash games during the period.
Tournament poker was down 53.8% compared to the previous year to €14.6 million as players switch to cash games, which were launched in Italy in July this year.
Cash game turnover was up around 3% to €24.7 million, although activity in the sector remains lower than initial predictions from some operators.
The cash game sector is dominated by PokerStars which has a 21.4% market share, [...]
Poker ‘challenging’ for bwin.party May 2012 A 3% drop in revenues in Q1 for leading online gaming firm
Poker revenues at bwin.party fell 3% in Q1 to €52.2 million although the firm noted growth in its US-facing WPT subscription poker site.
Group revenue rose by 1% in the period to €215.9 million thanks to growth in casino and other games, but poker remained a troubling area for the firm.
‘The poker market remains challenging across Europe,’ Jim Ryan and Norbert Teufelberger, Co-CEOs of bwin.party, said.
The only area of growth for poker was in its US-facing WPT subscription poker site, which the firm said saw [...]
Revamped Poker Software to Launch in Early 2013 September 2012 Bwin.party announced plans for an ‘all new’ version of its PartyPoker software to be launched in early 2013, on the back of disappointing H1 results.
Poker revenues fell 8% to €96.4 million during the first half of 2012 with EBITDA down 26% to €10 million.
Bwin.party blamed the drop in revenues in part on ‘continued competitive pressure’ and a softer performance from southern Europe.
The firm, which has fallen to third spot in the pokerscout rankings of the most popular poker sites, said it planned to return PartyPoker to growth in 2013 and it was a ‘key area of [...]
European regulators discuss liquidity July 2012
Regulators from France, Italy, Spain and Portugal discuss shared liquidity
Regulators from Spain, Italy, France and Portugal are discussing the possibility of pooling liquidity in their online poker networks.
The four regulatory bodies,France (ARJEL), Italy (AAMS), Portugal (Santa Casa da Misericordia de Lisboa) and Spain (DGOJ), met at the end of June in Spain to discuss information sharing and other issues.
But in a statement from Arjel they confirmed that plans for some form of shared liquidity were also raised at the meeting.