The poker boom is starting to wane at PartyGaming, though the online gambling group is managing to largely replace lost poker revenues with increased income from casino and bingo games. The group's overall gross revenues since the end of April have eased off, and although some drop-off is to be expected at this time of year the company said the decline has been slightly bigger than expected. The group blamed the distraction of Euro 2008 and strong competition from operators still able to accept US players on their sites for the disappointing performance of the poker division during May and June. Since the US cracked down on non-US based poker sites, PartyGaming has lost its lead in the online poker market, with iPoker and Full Tilt Poker overtaking it in recent months while PokerStars has more than double the number of customers. read more ...
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