Entraction suffers further revenue woe

Jamie Hinks
August 30, 2010
1 Comment

empty pocketsSweden’s publicly quoted online poker network, Entraction, has seen revenue drop for a second successive quarter, falling by 31% compared with the same period last year. Net sales were also down 30%, the company blaming the figures on the economic downturn in Europe and also this summer’s dark demon to the poker world – the FIFA World Cup. Easy enough to blame the World Cup after it’s happened, but surely it might have been an idea to make plans beforehand knowing full well how popular the thing is. Reports out of Sweden have them going into the flat-pack furniture industry. Good luck with that. Read more.

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Tags: Article, Entraction, Sweden
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  • http://calvinayre.com/2010/11/11/business/entraction-springs-leak-in-q3-earnings/ Entraction Holdings springs leak in Q3 earnings

    [...] downward momentum is becoming a trend, following the 31% drop in revenues and 30% drop in net sales the company reported in Q2. Then, like every other online poker company whose fortunes took a dive, they blamed the World Cup. [...]