PokerStars Poker Revenues Static While Sports Betting Explodes

Written by:
Aaron Goldstein
Published on:
Nov/07/2018

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


Start Your Own Sportsbook - 6 Months Free Here

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

Gambling News

Is the Double Up Game Profitable in the Long Run?

The Double Up feature is one of the most tempting elements in many slot and card-based gambling games. After securing a win, players are given a chance to multiply their earnings with a single decision—usually involving a simple risk, like guessing the color of a hidden card.

Pay Per Head Companies and Performance Reports

One of the biggest keys to running any type of business is to know the numbers inside and out. Just as a sports handicapper breaks down a particular matchup to uncover an edge in the betting lines for the game, as a bookmaker you need to constantly break down your business’s numbers to turn a profit on a regular basis.

Syndicate