888 and Playtech Post Impressive Numbers for 2007 Final Quarter
Two of the leading European Poker Networks have reported fantastic revenue increases for the final quarter of 2007. For both rooms, 2007 was their first full year of reporting following the Unlawful Internet Gambling Enforcement Act (UIGEA) which obliterated all US traffic in October 2006.
888.com based in Gibraltar, have reported their revenue was up 60% at $63 million. $21 million of this coming direct from the poker room and another $35 million from the casino games. Quarter on quarter, poker net gaming revenue grew by 37%.
At the end of 2007, 888.com announced a confident target of tripling their revenue by 2010. This has been aided by an introduction of a new bingo site and a facelift for the poker room which has helped increase registered members up to 4.7 million.
Playtech are another network that have reported an impressive quarter 4, which saw revenues rise 101% to $32.7 million compared to the same quarter in 2006. Company statements revealed that the figures "exceeded management expectations," adding that Playtech has seen month on month revenue growth throughout 2007 and was "highly confident" for the year ahead.
Playtech are the firm behind the iPoker Network, which include the popular skins Paddy Power Poker and Poker770 amongst others. iPoker rapidly rebuilt their poker network around Asian and European players since UIGEA, they are currently 4th in the overall poker traffic ratings and look like they could seriously overtake PartyPoker any time soon for 3rd place, just behind Full Tilt and Pokerstars