Pokerstars financial reports and 888 for 2018
The financial results of 2018 of two leaders of the online gambling industry (now it will be more correct) - Pokerstars and 888 - appeared on the network almost simultaneously. Both companies are still profitable, although the absolute figures are not comparable. Starz has seen a steady growth, demonstrated primarily due to the diversification of the revenue side through the development of online casinos and bookmaking activities. Receipts to the treasury of 888 are decreasing, but they still allow them to remain in positive territory, albeit by modest values in comparison with the competitor.
The total revenue of the monopolist from poker was $ 2.512 million, which increased by more than 10% when compared with a similar financial report for 2017. By the way, Pokerstars' activities in Russia brought them 10% of their total income.
At the same time, net profit before taxes stood at $ 920 million, which also became a record figure. The power of witchcraft with the help of Pokerstars chests has only increased in 2018!
A characteristic and not very pleasant feature for poker players is the following: the company has practically managed to achieve the goals declared several years ago and poker has practically ceased to be the main source of income for the Pokerstars Group. At the moment, in percentage terms, there is an equilibrium, where 1/3 of the total revenue comes from poker, betting and online casinos.
Coupled with a declining annual percentage of earnings from poker, not the warmest attitude of Pokerstars towards regulars and, on the contrary, ever-growing numbers from bookmaker and casino activities, it is easy to predict that next year the ratio may finally change not in favor of poker. This does not bode well for simple heroes from the world of card games. Also, the continuation of the movement of some states towards isolation adds fuel to the fire. There are reasonable fears that such a fate could befall Pokerstars in Russia.
Of the good, only the consistent hilling of potentially very large markets (India), the return of online poker to individual US states and extremely vague hopes for the creation of a common pool in the distant future can be noted. The emergence of Pokerstars EU is at least a little fueling such aspirations. However, the pool "Pokerstars EU" now includes only France, Spain and Portugal. The inquisitive reader will understand that this is not a very large representation of European countries from their total number.
The situation here is very, very far from Pokerstars. The past fiscal year was marked by practically the lowest profitability indicators for the entire existence of 888Poker (returned to the values characteristic of Black Friday).
In terms of specifics, the total profit was $ 107 million, which is still more than a middle manager (who has children and a wife and traditional Friday leisure) earns, but quite a bit less than Pokerstars (about 8, Five times). At the same time, 888 management claims that they are completely satisfied with the results of the year, however, intuition suggests that they are just putting on a good face when playing badly.
Here, just like in the case of the Stars, there is a dynamics of a decrease in income from poker and an increase due to casinos and bets.
Closing access to the Australian and Polish markets, difficulties with legal regulation from the UK and the lack of any active work on the development of the company's poker direction led to a decrease in income. Perpetual blocks 888 Poker, well known to players from Russia and not only, also do not contribute to the influx of players.
A positive vector of movement in 2019 can be set by launching a new poker application and continuing to expand, or by returning 888 Poker to new-old markets. You would have come up with an option in which you do not have to run and look for a site to download the 888 Poker application, as if it were not one of the industry leaders, but joycasino8 - they wouldn’t have a price. Or, at least, they grew up in the eyes of an ordinary poker lover, which is also not bad at all. It’s very strange when 888 Poker blocking and bypassing them becomes a very relevant and popular request.
You see, due to the growth of initially non-core areas in the form of bets and online casinos, the surplus will be used for the development of poker, a poker boom will occur and we will all be swimming in money like dumplings in cream. However, it will not be superfluous to repeat the skills of writing a resume. Simple, just in case.