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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 :

What are the best casinos to visit in Europe to play poker? - There are many reasons why we travel. Sometimes we are simply bored of our regular surroundings and we decide to take a weekend break

3 Top Bitcoin Poker Sites - Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.

Kentucky Derby Odds: Justify still Favorite - With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.

$40,000,000 guaranteed Partypoker Powerfest - $40,000,000 guaranteed POWERFEST schedule released. 6th-20th May, 366 events, 13 events with $1,000,000+ guaranteed

888Poker Takes Over the States - With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?

Top gambling ICOs to watch this year - The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.

MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

MPN Poker Tour Bratislava | Day 2 - It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.

MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

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