ESI Entertainment, the parent company of Citadel Commerce, saw its revenue drop a whopping 88% in the third quarter of 2007. Citadel Commerce had been a payment processor for US Internet gamblers until the UIGEA became law.
Buzzy doesn't have an MBA, but those number don't look very good to him.For the first nine months of its financial year, revenue has fallen by 87% from $17.5million to $2.2million.
Net loss for the third financial quarter decreased to $2.25million, but over the nine month period, losses have increased significantly to $7.4million.
http://gamingintelligencegroup.com/g...nt/view/789/2/