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BEtinternet Returns to Profits
Posted 12/23/10 :
Webis Holdings Plc presents its six month trading update
Online gaming group, Webis Holdings Plc released its Trading Update of the first six months (31 May 2010 - 30 November 2010) of its current financial year ending 29 May 2011.
Key Highlights in its first six months (31 May 2010 - 30 November 2010):
- Webis' subsidiary and pari-mutuel operation European Wagering Services (EWS) report increased turnover during the period compared to the prior year, however, the withdrawal of payment processing services adversely affected EWS' higher margin business and the divisions trading for the period was below the Board's expectations. An alternative solution towards the end of the period has seen the division once again performing in line with expectations.
- EWS acquired a US pari-mutuel hub operating license with the North Dakota Racing Commission. Following the acquisition, a clearly defined business plan for the growth of EWS is being actively pursued which will involve increasing marketing and development activity to establish a presence in the US market as well as an increase in the level of racing content of which EWS' link2bet.com is core.
- Sportsbook operation Betinternet.com returned to profitability following a successful World Cup.
- Betinternet's casino and games offering has been upgraded with the introduction of a solution from CTXM.
The board expects to release its Interim Report for the period ending 30 November 2010 during February 2011.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
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.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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