Online poker firm Pocket King to create 100 jobs
The recruitment drive will bring to 800 the numbers employed at Pocket King Ltd’s operations at the Cherrywood Science and Technology Park. Pocket Kings acts as a service provider to Full Tilt Poker and only established in Dublin in 2006.
A company spokeswoman said the numbers employed at the company have almost doubled from the 390 employed at the end of April 2009.
One of Pocket Kings’s two directors is Ray Bitar, who is one of the founders of the US-based Full Tilt Poker, that controls Pocket Kings.
The accounts for the 12 months to end April 2009 show that pre-tax profits declined by 26% from €8m to €5.9m. Gross profit fell 5% from €47.1m to €44.7m.
The abridged accounts do not provide a revenue figure. However, a note states that the company recorded sales of €62.49m to a connected company, My West Nook Ltd during the year. Pocket Kings Ltd had accumulated profits of €11.4m at the end of April 2009.
A related company, Pocket Kings Consulting Ltd, doubled its pre-tax profits during the same period from €563,087 to €1.1m and its gross profit also doubled from €5.6m to €11.7m.
Confirming that the company will continue to recruit following the 100 new positions being filled, the spokeswoman said: “This growth trend is estimated to continue at this strong rate for all of 2011 and beyond.
“All of our positions are for highly skilled technical and marketing positions with a significant number requiring a second European language.”
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