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Stanleybet Holdings has returned to profit,

Friday August 24,2012 : STANLEYBET INTERNATIONAL RETURNS TO PROFIT
 
Pre-tax profit of GBP 10 million a big improvement on previous year's GBP 822,000 loss
 
Stanleybet Holdings has returned to profit, reporting that its full-year 2011 pre-tax profit reached GBP 10 million - a significant improvement over 2010's loss of GBP 822,000.
 
The improvement was achieved despite turnover declining to GBP 385 million (2010: GBP 430 million).
 
Chief executive David Purvis was upbeat about transformation and internet gaming, noting that the company's launch of online gaming services across Europe could drive turnover upwards from next year.
 
He revealed that the company has been working for about 12 months preparing for e-gaming.
 
The group has faced legal battles across Europe as individual states look to protect local monopolies. It is still pursuing a Euro 1.5 billion compensation claim against the Italian government.
 
“Despite the current financial year (2011) being relatively non-eventful with respect to sporting activities and further economic uncertainty across Europe, year-on- year performance for the group improved significantly after better trading results and a reduction in exceptional administrative expenses helped to deliver a group profit," Management reported.
 
“The improvement in trading results was driven by development of the customer offer which not only reduced our market risk but also led to a wider appeal to our customer base through product choice and innovation.
 
"Trading conditions are expected to remain challenging.”



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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