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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.
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Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
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