Online Poker Profits
Introduction.
Two reports published this week indicate the continuing rise in online poker profits with gaming house 888 reporting a 7% sales rise, whilst in a rather surprising move WPT Enterprises has agreed to sell its assets to Gamynia Limited.
888 profits.
888 Holdings, more familiar in the States for the brands Pacific Poker and Betmate, said that they had seen a rise in online poker games and betting by 7% in just the last three months, taking worldwide sales for that period to $61 million. However, those sales aren’t just restricted to more people wanting to play poker online. One of the many European based companies offering online poker, 888 are currently enjoying somewhat of a boom in selling their expertise and poker software to other companies keen to break into the online gaming, and poker in particular, markets. Needless to say this rise in profits has brought with it talk of take-over bids meaning that 888 shares rose rapidly by about 8%.
WPT Enterprise sells its assets.
Online poker and gambling sites seem to be raking in the money at the moment
Another indicator of the healthy state of online poker gaming websites is the news that WPT Enterprises is to sell its assets to Gamynia Ltd, following several consecutively profitable months. Gamynia will continue to honor all of the WPT commitments like TV, sponsorships and distribution etc. However, it is perhaps more telling that Gamynia intend to then take the brand into the online poker market. The announced deal allows WPTE to retain responsibility for the Professional Poker Tour with PartyGaming and the seventh season of the World Poker Tour event itself, with PokerStars. Although not yet announced it would seem inevitable that, once established, the WPT at least will be channeled through any new internet poker websites developed by Gamynia.