Quarterly Growth Impressive
Devilfish Gaming just released the company’s full year results and they are just
one more reason that individuals in the online casino and poker gambling
industries are buzzing about this company. Devilfish is the brainchild of Dave
“Devilfish” Ulliott and has been operating in the international poker market for
several years now; as the company has matured it has expanded its interests and
sites into other sectors of the overarching online casino gambling industry. The
year-end results are better than expected and the company is consistently
working to overcome a previous slump and pull its full year pre-tax revenue out
of the red – this year that total was great reduced.
The company, along with many other online casino and poker gambling groups was
able to perform particularly well in the second half of 2009. Devilfish posted
nearly a double in sales for Q1 and Q2 and also reported that the number of
participants on divisions of the site have essentially doubled during these same
two quarters. This is very significant growth considering we’re only talking
about a six month time frame and indicates that the online casino and poker
players are enthused about the Devilfish product and offerings and spreading the
word. Devilfish also realized all of this recent growth without actually
investing in marketing recently; because of the company’s tough financial
situation all of the spending has been dropped to a minimum except when
necessary.
The brand is really solid and the company employs some of the best practices in
the industry, including the refusal of US gamblers. There are other online
casinos and poker sites that do take US gamblers, but Devilfish is playing it
safe right now by denying all US gambling until the US government passes new
regulations as is hoped for currently. |