Groupe Partouche Q3 shows poor poker performance
Overall revenue drop largely down to 30.7% fall in online poker revenue.
Groupe Partouche has suffered a 7.7% revenue decrease in the third quarter due to disappointing results from its egaming arm’s online poker network.
Revenue decreased from €122.2m for the three months ending 31 July, compared with €112.8m in the corresponding period last year.
Online poker was the worst single performer, with revenue declining 30.7% and Partouche Interactive seeing revenues drop 2.4%. For the three quarters so far this year, Partouche Interactive’s revenue dropped 9.3% from €5.2m to €4.7m.
The results continue a bad month for the operator of the Partouche Poker Tour after marketing director Jean-Jacques Ichai tendered his resignation after it appeared his claims of a €5m guarantee in prize money at the event would not be honoured. However, his resignation was subsequently refused and group president Patrick Partouche announced that the guarantee remained.