Empire Online Sees a Drop in Profits
By staff
PartyGaming’s bid to slow down their competitors by banning their rivals’ players from gambling at PartyGaming’s tables seems to be working, as Empire Online issued a profits warning today, one week after PartyGaming’s announcement.

Empire Online says their profits will be 10% less than expected for the year ending December 2005, following a fall in gaming revenues from Empire’s online casino, EmpirePoker.com.

“Since that date, the company has seen a slowdown in the rake generated by EmpirePoker.com,” says a representative from the company.

“The company now expects net profit for 2005 to be approximately 10% lower than consensus market estimates.”

In addition, Empire’s shares have dropped by 5% today.

 
 
 
 
 
Online Casino News.com provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.