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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 :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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