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Betting Promotions Successful Q1
Joining the trend of online gambling corporates that seem to be successfully surviving the weak world economic conditions, Betting Promotions has announced a set of Q.1 2009 results that includes an impressive increase in net turnover after expenses of some 80 percent.
The company, which furnishes odds for a number of leading betting exchange companies, recently underwent a restructuring process which has clearly contributed towards its first quarter success. Among the pruned assets in the restructure was Betting Promotion's shareholding in the skill gaming enterprise GamingVillage, which it reduced by a third, selling the shares to Key-Quest Ltd for SEK12.9 million in December 2008. There are plans to sell the rest of BP's interest in GameVillage in the months ahead when the right deal can be agreed.
The headline numbers to some extent obscure the actual decline in overall turnover during the quarter, which dropped 37 percent to SEK 2.2 billion, a situation brought about by the shedding of certain products. However the reduced liability delivered an after expenses rise of 80 percent over the same quarter in 2008, to SEK 19.6 percent.
Gross margin increased to 0.87 percent (Q.1 2008: 0.3 percent), and the company paid SEK 3 million in trading fees to betting exchanges. Football provided the lion's share of the company's action at 68 percent, with in-running betting making up a fifth of that.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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