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CRYPTOLOGIC ANTICIPATING $3.6 MILLION FOREX HIT
In a trading update this week, the Dublin-based online gambling software developer Cryptologic reports that it expects a third-quarter operating loss of between $1.0 and $1.5 million, a modest improvement from the previous quarter, but cautioned that it additionally anticipates a significant $3.6 million hit from adverse dollar rate movement.
The update claims that Cryptologic has since moved substantially all of its cash and marketable securities into its reporting currency, the U.S. dollar, to minimize the impact of further currency market volatility.
The company also said quarterly revenue to date has been in line with seasonal trends and current market expectations and added it has made good progress operationally.
"With three new customer sites up and running in the third quarter - and two more slated to go 'live' in the fourth - CryptoLogic continues to see a brighter outlook for 2009," said chief executive Brian Hadfield.
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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