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Ebet Limited this week projected a rise in net profit
Wednesday May 27,2015 : AUSSIE ONLINE GAMBLING GROUP EXPECTS HIGH PROFITS
Ebet guidance report estimates pre-tax profits will increase as much as sixty percent.
In a guidance statement outlining prospects for its financial year ending June 30 2015, the management of Aussie online sportsbetting company Ebet Limited this week projected a rise in net profit before tax (NPBT) of between 52 and 60 percent.
The company's CEO, Ken Carr, said that before tax profits are likely to be in the range A$5.5 million to A$5.8 million - a significant improvement on the comparative period in fiscal 2014 when NPBT reached A$3.6 million.
“Our growth momentum is underpinned by the strength of the business model, high and growing level of recurring revenue and an attractive pipeline of opportunities. Recurring revenues now constitute approximately 52 percent of total revenue,” Carr reported.
He said that following the A$4.8 million acquisition of gaming systems company Flexi-NET in July 2014, the company has started its product migration program.
Ebet expects to announce results for the 2015 financial year on or around August 27.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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