Empire
Online Releases Guidance
As reported by the Israel Globes:
"Online gaming network and gaming marketing
services provider Empire Online Ltd. (AIM: EOL)
this morning provided a trading update for the
fourth quarter of 2005.
"Empire
Online issued full year guidance today, and
expects to return profits (before non-recurring
exceptional items) in excess of $50 million
for 2005.
"The
company stated that its net gaming revenue for
the fourth quarter of 2005 was $22.5 million,
compared with $22 million in the fourth quarter
of 2004, and $31.3 million in the third quarter
of 2005.
"Net
gaming revenues across all gaming platforms
(excluding Empire Poker) in the fourth quarter
of 2005 was $12.4 million, an increase of 41%
over the third quarter of 2005.
"Empire
Online saw total real money new player signups
across all platforms growing by 49,788. The
company noted that this performance came in
a quarter when Empire Poker's rate of new player
signups and active player base was adversely
impacted by PartyGaming separating its own 'skin'
(the shared graphic user interface and playing
platform) from the system shared by Empire Poker.com
and by the departure of Coral Eurobet from the
shared tables. PartyPoker.com players and Coral
Eurobet players no longer play on shared tables
with Empire Poker.com players and Party Poker's
other skins…"
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