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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.
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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