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Gambling: 888 Cautions on Earnings
5/28/10 - The Gibraltar-based online gambling group 888.com had disappointing news as the week ended, noting that it expected full-year profit to be significantly lower than market expectations.
The online betting company rationalised the drop in trading by pointing to the impending soccer World Cup, which is expected to exacerbate a situation in which the number of internet poker players at 888 sites has declined and currency movements have had an adverse effect.
The intense global interest in watching World Cup matches beamed from South Africa is likely to keep punters away from online casino, bingo and poker gaming and glued to television screens, whilst there had been an 18 percent decline in the daily average numbers of poker players using the group's sites between January and May 2010, 888 reported.
The decline in poker has been reported by other online poker companies that have eschewed US business, leaving the field clear for major operators like Poker Stars and Full Tilt Poker, which continue to accept US action.
888 also revealed that the weakness of the Euro and Pound Sterling against the US Dollar has exacerbated its difficulties. For example, May revenues would have been $1.9 million higher had exchange rates remained at the level seen in January. For the year to date, currency movements have adversely impacted total revenue by about $5 million.
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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