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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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Local Florida Poker Pros Scam Marc Klang For $500k -
Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.
Super Multitimes Progressive HD Slot -
This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
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