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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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