Empire Online Limited
07 July 2005
7th July 2005
Empire Online Ltd
Trading Update
Empire Online Limited (the 'Company' or 'Empire Online'), a leading provider of
marketing services to the online gaming industry, today provides the following
trading update for the second quarter of 2005.
During the second quarter of 2005 the Company has continued its planned offline
marketing scheme which has delivered positive results. The Company is planning
to launch offline campaigns in four more countries during the next six months.
Key highlights include:
• Strong net gaming revenues estimated at US$25.3 million (Q2 2004: US$13.8
million; Q1 2005: US$24.4 million).
• Estimated poker revenue of US$20.3 million (Q2 2004: US$ 8.3 million; Q1
2005: US$18.8 million).
• Estimated casino revenue of US$ 5 million (Q2 2004: 5.5 million; Q1 2005:
US$ 5.6 million). Decrease is explained by an extraordinary series of
Jackpots won by the Company's players in excess of US$1 million.
• Estimated net profit of US$13 million (Q2 2004: US$7.8 million; Q1 2005:
US$ 12.4 million)
• Number of New Real money players acquired by the Company during the second
quarter (Poker and Casino) was 42,772 (Q2 2004: 22,545; Q1 2005: 49,423).
The decrease is explained by seasonality in the business.
• Number of active players (players who played for real money during the
last 90 days) increased to 126,507 (Q2 2004: 51,367; Q1 2005: 121,642).
• Number of Average active players per day (Average real money players
playing during a day for poker and Casino) increased to 17,555 (Q2 2004:
12,992; Q1 2005: 16,685)
CEO Noam Lanir commented; 'We are pleased with our second quarter performance
which overcame the natural seasonal market decrease in activity and was in line
with our expectations. We are confident that Empire Online will continue to
deliver strong performance in line with our strategic goals.'
The Company expects to announce its interim results in early August 2005.
For further information:
Empire Online Limited
+357 (2) 5 847 700
Noam Lanir, Chief Executive Officer
Yossi Pereg, Chief Financial Officer
Numis Securities +44 (0) 20 7776 1500
James Black
Citigate Dewe Rogerson +44 (0) 20 7638 9571
Simon Rigby
Sarah Gestetner
Ged Brumby
Notes to Editors
Company overview
Empire Online is a leading provider of marketing services to the online gaming
industry. Through online and offline advertising and other marketing techniques,
the Group directs new players to online poker and online casino websites
operated by third party gaming operators, principally empirepoker.com (a white
label website related to PartyPoker.com, one of the largest online poker rooms)
and Casino-On-Net (part of 888.com, one of the most established online casino
websites). The Company also has arrangements with a subsidiary of PartyGaming to
market other online gaming websites, including AceClub.com and
starluckcasino.com.
The Group's objective is to take advantage of the expected growth of the online
gaming market by generating greater revenues in a cost-efficient manner through
the acquisition of new players and by increasing the activity levels of the
Group's existing players. The Company aims to pay particular attention to
expanding its player base in certain European countries in the medium term, with
the intention of raising its profile and reducing the Group's reliance on the
North American market. Empire Online will also continue to pursue its existing
strategies in relation to its primary markets of the United States and Canada to
maintain its strong position in these markets.
This information is provided by RNS
The company news service from the London Stock Exchange
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