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PokerStars Poker Revenues Static While Sports Betting Explodes

Written by:

Aaron Goldstein

Published on:

Nov/07/2018

PokerStars Poker Revenues Static While Sports Betting Explodes

Q3 results for PokerStars show poker revenues dropped 3.9 percent year-over-year while sports betting shined.

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Revenues grew 74 percent year-over-year for Stars newly acquired sports betting properties.

"This was a landmark quarter during a transformative year for the company as we begin to deliver on our vision to become the world’s favorite iGaming destination," said CEO Rafi Ashkenazi.

The company's future expansion plans in the United States are mostly focused on sports betting at the state level. PokerStars is also looking to capitalize on newly regulated markets including Switzerland, Greece, Netherlands and Sweden.

"As we continue our transformation and look towards 2019, we are excited to take advantage of the opportunities ahead of us by leveraging our leading positions in attractive markets, strong brands, technology and operating expertise," Ashkenazi said. “We operate in attractive markets with high potential growth rates. We believe we can replicate our success in new markets as they open up.”

- Aaron Goldstein, Gambling911.com

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