MyBet Shuts Down Online Poker Business

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Malta-based MyBet has announced the abrupt closure of its online poker business as a result of its efforts to focus on improved betting and casino games.

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Last year the company generated €1 million ($1.1 million) in revenue from its poker platform. Mybet’s total revenue for the year was €63 million.

Zeno Osskó, chief executive of mybet, said: “The poker business contributed with only a minor share to our revenue and delivered virtually no contribution to the operating result of the group.

“In addition, we do not see a sufficient growth potential in this area to support the operational turnaround in the short term.

“From our point of view, continuing our poker offering was not expedient, especially in the light of the upcoming introduction of the new mybet platform.”

MyBet’s online poker business will cease operating effective June 30.

- Ace King, Gambling911.com

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