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LADBROKES TO USE SPORTECH POOL PRODUCTS
New agreement could be the forerunner of other deals
Sportech CEO Ian Penrose has announced an agreement with the UK online and land betting group Ladbrokes, which will distribute its pool products through the internet to the Ladbrokes’ database. Penrose noted that the deal could be the forerunner of others as Sportech seeks to increase player liquidity, hoping to close at least another two agreements before the end of 2010.
“We are looking to increase our liquidity and there are two ways we can do that, either with a B2C strategy or by selling-on our white labelled football products for a set commission and a share of revenues,” he said, adding that such deals would add value to online gambling operations.
Penrose was commenting in a statment on the company's first half 2010 financial results, in which Sportech reported a drop in adjusted profit before tax, down from GBP 6.9 million in 2009 H1 to GBP 5.8 million for the first half of 2010.
The group succeeded in raising GBP 29.2 million in equity funding and reduced net bank debt by 35 percent to GBP 51.7 million over the period.
The statement advised that "above average" visitor numbers had been recorded in the past two months of its Indian online operations, with 45 000 people registering to play. Sportech is involved in the region in a joint sports betting venture with Indian operator PlayWin (see previous InfoPowa reports) in which the partners each invested GBP 2 million.
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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 -
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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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