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Gambling: Leisure & Gaming Good 2008
The land and online gambling group Leisure & Gaming plc has posted positive FY 2008 results that include gross profit up 70 percent, and operating profits back in the black.
The core Italian betting business in the group lifted the bottom line from Euro 3.5 million in 2007 to Euro 6.2 million in 2008 - a rise of some 77 percent. Operating profits rebounded from 2007's loss of Euro 1.7 million to a profit of Euro 2 million in 2008.
CEO Richard Creed informed shareholders that the company was intent on getting into the French market once the liberalisation process is complete in 2010, and advised that Greece was another market that the management felt had solid potential.
L&G severly pruned its Italian infrastructure in 2007, which saw wagering volumes in 2008 fall by 30 percent to Euro 76.9 percent, but the company increased the number of active customers by 26 percent to 33 000, and launched a Microgame-powered poker product after obtaining an Italian poker licence in December 2008. Players spent Euro 2.7 million in poker tournament fees, and the company earned gross rake of Euro 500 000 before duties.
The group appears to be expanding once again, with 114 new Betshop partner outlets opening in 2008, a new Cyprus partner network and the development of a new suite of casino products in Greece.
Creed said the company has ambitions to operate in five countries within the next three years, in addition to increasing market share in its existing markets.
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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