Entraction Makes Money Strides

11/20/2008		Entraction Makes Money Strides
Home History Games News Dictionary		It seems as if not all parts of the world, not all industries are in the continuous downspin cycle that the world’s recession hints at. In Sweden, for example, online poker has seen an increase in support and subsequent profits during their third quarter in 2008, giving some reason to hope for Swedish economists, as well as poker enthusiasts. Both the net sales and the operating profits are up from last year, surprising for some primarily because of the economic crash most industries have experienced in the last 12 months. Entraction, however, had the privelige of presenting a happy third quarter report to their investors, with sales up :-29.3 million (Swedish krona), as well as an operating profit of :-13.5 million. This last statistic was especially a relief following great losses of :-100,000 last year for the same time frame. The profits resulted mainly from poker revenues, with revenues in that sector increasing from 2007’s :-44.2 million (Swedish krona) to this year’s :-58.7 mil. The online casino side saw even greater increases, with a jump signifying 300% in new profits, from :-6.1 million to :-16.2 million. Those monies associated with the sports betting industry however, dropped by :-400,000; certainly not enough to worry, compared with the joy of the other departments’ increases. Entraction hopes that the numbers that’ve come back this third quarter will help with advertising for future growth. They’ve reason to think it will, as last years efforts to improve resulted in proof that their royalty income has totaled out :-5.4 million (Swedish krona), which marks a :-2.2 million increase from 2007’s numbers. The Entraction online casino company includes Boss Media as well as its own poker room. They’ve associations with popular gambling websites such as Betdaq, Redbet, Devilfish Poker and VC. Members enjoy online casino privileges, bingo communities, and sports betting along with other services through the Entraction Network.

11/20/2008

Entraction Makes Money Strides

It seems as if not all parts of the world, not all industries are in the continuous downspin cycle that the world’s recession hints at. In Sweden, for example, online poker has seen an increase in support and subsequent profits during their third quarter in 2008, giving some reason to hope for Swedish economists, as well as poker enthusiasts.

Both the net sales and the operating profits are up from last year, surprising for some primarily because of the economic crash most industries have experienced in the last 12 months. Entraction, however, had the privelige of presenting a happy third quarter report to their investors, with sales up :-29.3 million (Swedish krona), as well as an operating profit of :-13.5 million. This last statistic was especially a relief following great losses of :-100,000 last year for the same time frame.

The profits resulted mainly from poker revenues, with revenues in that sector increasing from 2007’s :-44.2 million (Swedish krona) to this year’s :-58.7 mil. The online casino side saw even greater increases, with a jump signifying 300% in new profits, from :-6.1 million to :-16.2 million. Those monies associated with the sports betting industry however, dropped by :-400,000; certainly not enough to worry, compared with the joy of the other departments’ increases.

Entraction hopes that the numbers that’ve come back this third quarter will help with advertising for future growth. They’ve reason to think it will, as last years efforts to improve resulted in proof that their royalty income has totaled out :-5.4 million (Swedish krona), which marks a :-2.2 million increase from 2007’s numbers.

The Entraction online casino company includes Boss Media as well as its own poker room. They’ve associations with popular gambling websites such as Betdaq, Redbet, Devilfish Poker and VC. Members enjoy online casino privileges, bingo communities, and sports betting along with other services through the Entraction Network.