Bwin.Party thinks FTP has shifted industry
"The start of what we believe will prove to be a fundamental shift..."
BWIN.PARTY Digital Entertainment released their full year results for 2011 recently. It recently made a few comments about the online poker industry and how Full Tilt Poker is having a hindrance on the industry. Reported in compatiblepoker.com, the firm said:
“The indictment of the founders of PokerStars, Full Tilt Poker and Absolute Poker/Ultimate Bet on 15 April 2011 represented the start of what we believe will prove to be a fundamental shift in the shape and structure of the global online poker market,” read the report.
“With the exception of PokerStars, all of these sites have now closed. PokerStars’ relative size meant that it was able to capture the lion’s share of Full Tilt’s non-US players, consolidating its position as market leader in most territories.”
In light of social gaming taking over the gaming industry slowly but surely, Bwin.Party said: “This represents a major opportunity forBwin.Party and we have of initiatives already underway in these areas that we expect to drive value for shareholders in the medium to long term.”
While poker made up 27.8% ofBwin.Party’s overall revenue in 2010, this figure dropped to 25.7% in 2011.
