Oct. 18th, 2005

peterbirks: (Default)
From Empire Online:

The Company announced on 10 October 2005 a separation in the gaming platform used by PartyGaming players and that used by "skins" of PartyGaming. Since that date, the Company has seen a slowdown in rake generated by EmpirePoker.com. Growth in new player sign-ups at the Empire Online network as a whole has remained strong.

The Company now expects Empire Online's net profit for 2005 to be approximately 10% lower than consensus market estimates for the twelve months ended 31 December 2005.


Seasoned statement watchers will have noted the key phrase "as a whole".

So, the rake whores have departed in droves. How much so? Well, if Empire has had to issue a statement within a week, one has to assume, "quite a lot".

Empire goes on to put a lot of faith in the future of other operations; it also emphasises the potential within Noble Poker.

August 2023

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