Unsurprising news
Oct. 18th, 2005 08:58 amFrom 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.
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.