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Sportsbetting firm plans an online casino in third quarter 2008
Online sportsbetting company Betbull has reported a 9 percent increase to $5.8 million in NGR in the first quarter, compared to the last quarter of 2007, but has only managed to equal the numbers from Q1 2007.
The London-based company revealed that losses after tax increased to $361 524 from last year’s $146 393. Earnings before tax dropped 40 percent to $462 668 despite a nine percent increase in betting stakes to $34.2 million quarter-on-quarter and an increase of 13 percent compared to the previous year.
In a statement this week the Betbull management revealed that an online casino operation would be launched during Q3 2008. The statement did not elaborate further on the software selected. The company also announced that its joint venture with Bwin would soon receive a retail betting license for the autonomous community of Madrid in Spain.
"Our German operation has exceeded expectations during what promised to be a very difficult first quarter,” said Simon Bold, Director of Betbull. “We find this very encouraging. In Spain, we continue to develop a structure to support not only retail units in Madrid when that licence is granted but also for the other major provinces where Betbull will compete for licenses in the near future. We see the Spanish market as an opportunity to extending our client base beyond the traditional betting shop customer profile."
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Gambling News :
WSOPE In Czech Republic -
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BtoBet Partners with AfroBet -
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Pissed off Tabcorp shareholders -
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NYX Gaming Group Expanding in Italy -
NYX Gaming Group says its continues to bridge the gap between online and land-based operators as it announced a new licensing deal in the Italian market.
Interwetten Q3 2016 Report -
In a brief third quarter 2016 report, Malta-headquartered online gaming company Interwetten reported strong growth across all verticals, with an emphasis on online casino revenues.
Evolution Gaming Q3 2016 Report -
Evolution Gaming Group AB delivered in its third quarter 2016 results reporting strong growth in revenue and a significant increase in mobile penetration. The company attributes is success to strong general growth and continued high demand for dedicated environments.
Dragonz Slot Launches -
#Dragonz The creatures in this 243 ways to win game engage with play during the free spins round, triggered by three or more scatters on the reels, and each character leads four different free spins rounds.
Mecca Launch Instant Win Games -
IWG has provided instant win content to lotteries for the past 15 years, amassing a portfolio of over 250 games. Its deal with Mecca signifies a move into the wider online gaming industry, servicing commercial brands and platforms.
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