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Significant revenue growth for Contagious Gaming
Friday, March 4, 2016 : THINGS LOOKING UP FOR ONLINE GAMBLING FIRM
Significant revenue growth in company's fiscal third quarter.
US online gambling platform provider Contagious Gaming had news that was good only in parts for investors this week, reporting that revenues in its fiscal third quarter soared 214 percent quarter-on-quarter to $678,700.
However there was a definite downside to the announcement as well - EBITDA fell again as the company recorded a loss of $272,600, albeit not as bad as the preceding quarter's when losses amounted to $456,363.
Adjusted earnings also remained under pressure, too - again down at $696,300 after the previous quarter's loss of $771,400.
CEO Peter Glancy remains upbeat, observing that the revenue increase was a positive sign, and adding:
"This improvement is primarily due to the closing of the Digitote acquisition in December 2015. We look forward to further expected improvement of our financial metrics as we report a full quarter of consolidated financials including Digitote's results."
Contagious acquired developer and provider of commercial-grade sports betting and horse racing technology Digitote last year in a deal worth $5.2 million
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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