World Cup sees online poker dip
Wednesday 07 July 2010
The internet gambling operator PartyGaming said its online casino business had continued to drive strong growth, helping to offset the impact of a slump in poker players during the football World Cup.
PartyCasino, which offers games including slots, blackjack and roulette, saw its revenues increase by 6 per cent between the first and second quarters of 2010, although the number of players fell 5 per cent. PartyGaming said it was pleased with this "relatively robust" performance despite a "particularly tough" quarter for its PartyPoker card room – where revenues will be up to 13 per cent lower than in Q1 because of the football and warmer weather.
Overall revenues will be 2 per cent down quarter on quarter, although unexpected World Cup results – including early exits for France and Italy – provided a silver lining for its sports betting unit.
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