Poker Not Doing Well, But the Rest of it is

April 14, 2009

888 Holdings is one of those online poker and gambling giants that seems to do no wrong. It is very rare that they launch something that doesn’t do extremely well, and honestly they have so many other pots out there that it doesn’t really matter if it doesn’t. They work hard to consistently bring their clients a ton of games that are not only fun to play, but are also so diverse in their selection that you would be hard pressed to find something that you didn’t like.

They have however; found that their poker game is not doing as well as it could have been doing. They have always found that their poker rooms actually do really well, but many think that because of the decline in the economy that they are just not doing as well as they would have been doing otherwise. Online poker playing has dropped across the board, so it is no wonder that they are feeling the pinch along with everyone else.

However, even if their poker room is not doing so well, their other holdings are doing really well. They have shown a 6% increase in their profits. They say that this increase more than offsets the less than perfect returns they have been getting from their poker site. They say that there are many reasons why their poker room is not doing as well, with the economy definitely playing a part in it.

They say that there has also been a plethora of online poker rooms that have flooded the internet especially since President Obama took office. Industry executives say that there is no question that the poker market is over saturated right now, which is leading to less income at those poker sites that were previously around. But they expect that to change as the economy changes and as consumers realize which are good sites to play at and which ones aren’t.