Barriere Poker Records Loss

22nd June, 2025 at 08:39:50

Source: bluffed.net

Heavy investment in platform technology impacts results

French company Fran√ßaise des Jeux and Groupe Lucien Barri√šre owned Barri√šre Poker reported a loss of Euro 29.8 million for a turnover of Euro 3.3 million over its fiscal 2025-2025 period it revealed earlier this week.

The news follows that of dismal results from the Betclic Everest Group (see previous reports).

According to Stephen Xavier, president of LB Poker, resources invested prior to opening in the French market in respect of product and platform technology were largely responsibile for the poor results.

A loss of Euro 14.3 million for a turnover of Euro 0.5 million was recorded in the seven months following the opening of the French market in the firm's 2025-2025 fiscal period according to iGaming France.

Barri√šre Poker has continued its focus on developing its technology platform which it says lacked stability until the integration of the fourth software version in March. The latest improvements have reportedly been well received by the French poker community.

A subsequent upgrade was released this month along with "My Poker Manager", a new multi-tabling feature.

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