The World Cup Killed Online Poker

September 1st, 2010 | by: chris | Comments Off

Everyone anticipated that the World Cup would be a distraction, but the size of the distraction was vastly underestimated, and as a result online poker sites have seen their profits plummet.

Can we not all agree that online poker is the “distraction” and not the other way ’round? Poker’s nice and all, surely, but the World Cup is the biggest sporting event in the land – it deserves its due respect. Or else…

And maybe that’s why it took online poker down for the month of June.

One of the big ones didn’t anticipate just how much of a “distraction” the World Cup would cause.

Something says that’s not good business foresight.

Share holders in one company who were expecting a healthy dividend have been disappointed by the news that in order to preserve its diminished supply of cash, the company has cancelled its half yearly interim dividend. During the first six months of the year their profits fell by 56% to £2.7 million.

Even though this is just one company, we can take a wild guess and say the pinch was felt somewhat across the board.

So don’t mess with the World Cup – it will take you down. (56% or thereabouts.)