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GOOD SECOND QUARTER FOR BETSSON

Reports and challenges from Swedish betting officialdom appear to have done little to halt the success of Betsson's land betting shop, opened in Stockholm earlier this year and still going strong, according to Q2: 2008 results released this week.
 
The confident Swedish online gambling group reported a 63 percent rise in revenues to SEK 236.9 million (SEK145.6 million in Q2:2007) while operating income increased 29 percent to SEK 60.1 million (Q2:2007 SEK 47.2 million).
 
The new betting shop, together with a revamped Internet sportsbook offering delivered income before taxes of SEK 61.4 million (Q2: 2007 SEK 47.6 million) with income after tax reaching SEK 57.2 million (43.4 million last time).
 
“The second quarter is normally weaker than the first quarter,” said Pontus Lindwall, Chief Executive Officer for Betsson, explaining that the use of good offers to customers has enabled the company to maintain and even increase activities during the second quarter, making it the strongest quarter so far.
 
Betsson.com also recently launched in Serbia and the Netherlands but it is Scandinavia that remains the firm’s largest market with 59 percent of gross profits, while the remainder of Europe accounted for 41 percent. The report suggests that the trend is shifting towards a larger percentage from the rest of Europe.
 
Online casino action delivered a 102 percent increase in gross profits, but this solid result was overshadowed by the 274 percent increase from the Betsson sportsbook, while poker was down, declining 25 percent compared with the same quarter last year.
 
Betsson's casino activities now account for 60 percent of its gross profits, followed by poker at 19 percent and sportsbook operations with 18 percent.
 
Looking at the six months to June 30, revenues have increased over the first half 2007 by 58 percent to SEK 464.7 million, with operating income up 26 percent to SEK 116.9 million.  Income before taxes amounted to SEK 118.9 million, and after taxes SEK 110.8 million.



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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.

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