Betfair Poker Revenues Fall 60%
Key Takeaways
  • Detailed accounts just released by Betfair show that within the overall positive figures originally published, revenues from online poker fell 60%.
  • The drop is blamed on the switch from Ongame to iPoker and “poor market conditions.”
  • Betfair also estimated the impact of the forthcoming UK POC at £17m which would have made a large dent in its £26.9m profit for the last six months.

A month ago Betfair’s latest financial announcement listed underlying profits at £32.5m, 56% higher than the same period last year. The detailed accounts recently released show that within these overall figures, revenues from online poker fell 60%.