Online Poker Earnings Falter During Euro 2008
10/08/08 07:05 Filed in: Poker News
888.Com have reported a substantial dip in earnings this summer due to the popularity of the Euro 2008 football series. Although the summer is often a slower time for some aspects of the internet gambling industry poker usually escapes the worst of the negative effects due to the mid-year months of big-name, high-profile card tournaments(such as the WSOPs, poker’s largest seasonal event).
The premier internet gambling company reported a significant revenue loss which is being attributed to gambler’s greater interest in Euro 2008 events however. Large numbers of card betters shifted their attention to sports gambling which has now caused 888 to further consider some of their options regarding June’s deal with Sportech and seek a greater emphasis on bookkeeping for next year’s summer. Although the company still manages considerable profits, company spokespeople have mentioned that preparation for upcoming sports-heavy months will see 888 centering on bingo and event betting while poker temporarily falters.
Luckily 888 have also released fiscal statements demonstrating the continued growth of their online bingo income and its help in restoring the losses incurred during this summer’s football tournament. The 888 ladies bingo site in particular was meant as a strategic effort to counter Euro 2008 losses. CEO, Gigi Levy commented that the financial hit was expected and that business strategy initiatives already in place have kept 888 optimistic regarding recoveries from losses and further growth in coming months.