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Rebranding Proving Successful

A new name and business strategy has apparently proven quite successful for the Entraction Network. The company previously operated for the online casino poker gambling industry under the name 24hPoker but rebranded the network in the hopes of reinvigorating the company and finding a new market base within the European internet poker gambling industry. The latest their quarter profits indicate that the company is on the path to success and has brought in a significant amount of revenue – especially when compared to the same quarter of the previous year when Q3 profits were fairly dismal and the company was forced to report losses.

This year all is looking up for Entraction and the third quarter report not only indicates that net sales of the company’s online casino poker gambling network are up, but operating profit came in at SEK 13.5 million. The noteworthy comparison being that the company reported operating losses of SEK 100,000 this same time last year. The online casino gambling industry though, and the poker gambling sector in particular is in a growth phase right now in spite of the slowing global economy.

Additional news from Entraction’s Q3 report comes in the way of revenues – these are up a whopping 300 percent – this is perhaps the clearest indication that the Entraction of last year is well on its way to continued success in the industry. Like many online casinos and internet gambling related companies, the Swedish poker network provider was forced to restructure a bit and come up with a new growth strategy within the European market.