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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 :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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