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FURTHER PROGRESS FOR IN-GAME BETTING FIRM
Global Interactive Gaming's in-game betting product SportXction continued to rack up the positive numbers in June, vindicating the faith that parent group Interactive Systems Worldwide Incorporated (ISWI) has shown in the play-by-play wager concept in sporting events.
The system accepts fixed bets while punters view or listen to sporting events through public media.
Turnover hit $4 million for the month of June, a company spokesman revealed - the largest yet recorded by the London-based GIG, and an increase of 77 percent over the same period last year, and a 66 percent increase over the month of May 2008's $2.4 million.
Record net revenues of $302 000 have also been highlighted, delivering a ‘hold’ percentage, or the total amount retained by the system after winning wagers are paid, of 7.58 percent.
Limited cash resources remain management's top priority and $50 000 in debt financing was achieved in June through the issuance of a promissory note to help the firm handle a short-term liquidity issue.
The one-year contract of ISWI's CEO Bernard Albanese has been extended by three months from end June in order to allow the firm enough time to resolve liquidity issues without burdening it with 'additional long-term commitments'. The company revealed that Albanese has not drawn a salary since April 2008, although his pay is being accrued as a liability by the company at a voluntarily reduced rate of $180 000 a year.
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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