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AGTech Losses up
Friday November 14,2014 : REVENUES UP BUT LOSSES WIDEN AT AGTECH
Share-based compensation costs and other expenses more than double losses.
Investors in Chinese lottery services and games provider AGTech will have mixed feelings on its latest results, which showcase significant increases in revenues but widening losses due to share-based compensation costs and other expenses.
Nevertheless, Management remains confident that the outlook is positive for the company, according to a company statement Wednesday.
Third quarter revenues soared to $53.13 million (Q3-2013: $22.37 million) but losses widened to $48.3 million from $22.2 million a year ago.
The company is optimistic, reporting that its partners at China’s Sports Lottery have completed the “next generation” national high frequency game platform to carry its Lucky Racing game, which will be supplied to a wider range of Chinese provinces in the coming months.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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