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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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