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Barriere Poker reported a loss of Euro 29.8 million

Friday June 22, 2012 : BARRIERE POKER RECORDS LOSS
 
Heavy investment in platform technology impacts results
 
French company Francaise des Jeux and Groupe Lucien Barrière owned Barriere Poker reported a loss of Euro 29.8 million for a turnover of Euro 3.3 million over its fiscal 2011-2012 period it revealed earlier this week.
 
The news follows that of dismal results from the Betclic Everest Group.
 
According to Stephen Xavier, president of LB Poker, resources invested prior to opening in the French market in respect of product and platform technology were largely responsibile for the poor results.
 
A loss of Euro 14.3 million for a turnover of Euro 0.5 million was recorded in the seven months following the opening of the French market in the firm's 2010-2011 fiscal period according to iGaming France.
 
Barrière Poker has continued its focus on developing its technology platform which it says lacked stability until the integration of the fourth software version in March.  The latest improvements have reportedly been well received by the French poker community.
 
A subsequent upgrade was released this month along with "My Poker Manager", a new multi-tabling feature.
 
"We are at the beginning of an investment in an industrial project. We can ramp up commercially and innovate in the product, " Xavier said.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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