Big Investment in Platform Technology Affect Barriere Poker Fiscal Results

Company reports loss of EUR 29.8 million

Barri$egrave;re Poker, owned by French company Fran$ccedil;aise des Jeux and Groupe Lucien Barri$egrave;re, issued a report for fiscal 2011-2012 period, stating a loss of Euro 29.8 million for a turnover of Euro 3.3 million.

President of LB Poker, Stephen Xavier, said that prior to opening in the French market, investments in the area of product and platform technology contributed to the poor results.

Barri$egrave;re Poker placed focus on developing its technology platform which allegedly lacked stability before the March integration of the fourth software version. According to the company, the latest improvements have been well received by the French poker community along with subsequent upgrade released this month together with a new multi-tabling feature “My Poker Manager”.

“We are at the beginning of an investment in an industrial project. We can ramp up commercially and innovate in the product, ” Xavier stated.

According to iGaming France, a loss of Euro 14.3 million for a turnover of Euro 0.5 million was recorded in the first seven months after the French market opening in the company$s 2010-2011 fiscal period.