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Leisure and Gaming Selling Betshop
Embattled online gambling group Leisure and Gaming has announced that it is to sell its Betshop subsidiary, which includes Betshop.com, Betshop.gr and Betshop Italia.com in addition to land retail betting shops in Italy and Cyprus.
L&G has been suffering from cash flow difficulties which resulted in trading on the AIM exchange being suspended in May this year.
Thanks to a Euro 300 000 loan facility, the company has enough steam to keep going for another two months, which should be sufficient time to effect a sale, it said in a statement this week.
The World Cup football betting in June and July provided little relief, because L&G had to limit its risk of betting losses due to a weak cash position, which resulted in a net win below that anticipated.
The company recorded gross gaming revenues of Euro 34.7 million for Q2/2010 with net win of Euro 4.4 million, down 15 percent on the previous year. Gross profit declined a worrying 50 percent to Euro 600 000.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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