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Greek Intralot revenues +17%, earnings -27%, Yogonet

Greek Intralot revenues +17%, earnings -27%, Yogonet | Poker & eGaming News | Scoop.it

Intralot announced its financial results for the six month period ending June 30th 2012, prepared in accordance with IFRS. Consolidated Revenues posted an increase of 17.2% reaching 687.3 million euros in 1H12 compared to 586.4 million euros in 1H11.


EBITDA in 1H12 increased by 12.2% to 81.4 million euros, compared to 72.6 million euros in the same period in 2011.

 

EAT (after minorities) in 1H12 were decreased by 26.8% reaching 5.5 million euros. Compared to 1Q 2012, Net Debt reached 388 million euros, posting an increase by 26.1 million euros in 1H 2012 due to a capex of 39.4m in Q2 2012 mainly due to the payment for the renewal of the gaming license in Malta.

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Smaller poker networks re-introduces rake-back, Peter Amsel at CalvinAyre

Smaller poker networks re-introduces rake-back, Peter Amsel at CalvinAyre | Poker & eGaming News | Scoop.it

The world's  least signifigcant poker networks Merge Gaming and Revolution Gaming have started a New Rakeback War, stealing unprofitable players from each other.

 

At the risk of stating the obvious, rakeback is designed to appeal to a specific type of poker player: the multi-table grinder who generates lots of rake. The short-term benefits these (generally) winning players provide poker rooms are ultimately negated by the fact that these are net-withdrawing players who prey upon net-depositing players. This latter group is the lifeblood of the poker ecosystem, a steady resupply of which is required to sustain this business. Yet smallish poker rooms still view the net-withdrawers as their prize pigs, and are prepared to go to great lengths to attract and hold these players rather than encourage new players that the water in the pool is warm and inviting.

 

Other sources:

http://www.ruffpoker.com/blog/revolution-gaming-brings-competition-to-us-online-poker/

http://www.gambling911.com/poker/revolution-gaming-network-surpasses-merge-terms-worldwide-traffic-060112.html

http://www.ruffpoker.com/blog/revolution-gaming-brings-competition-to-us-online-poker/

http://www.gambling911.com/poker/revolution-gaming-could-overtake-merge-within-month-060312.html

http://www.gambling911.com/poker/utah-poker-players-locked-out-lock-other-state-players-now-welcome-060212.html

http://www.gambling911.com/poker/lock-poker-departure-spells-dramatic-loss-merge-060212.html

http://pokerfuse.com/news/poker-room-news/revolution-poker-to-start-paying-rakeback-hourly/

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