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Good Half Year For Devilfish Poker

Devilfish Gaming plc, the Internet casino and poker room group, has released a positive set of results for the half year to end December 2008.

Announcement of Interim Results for Half-Year to End December 2008
 
Highlights include:
 
  * Strong growth in Poker revenue
 
     - Daily poker revenues now frequently exceeding 3 000 per day.
     - Four fold increase in monthly poker revenue from July   2008 to Jan 2009
     - Gross poker revenue for Jan 2009 over 76 000 with continued encouraging
       growth
 
  * Strong continuing increase in overall poker network liquidity
 
     - The liquidity on the Company's Poker network, Entraction, increased by 108 percent
       during 2008
     - Entraction have recently entered the Top 10 poker networks ranked in order of
       poker liquidity
 
  * Strong upward trend in the company's key performance indicators
 
     - Yield per active player rising from GBP22 in June 2008 to GBP94 in Jan 2009
     - Total number of registered users signed up since re-launch on the Entraction network is now
       over 8 000 with ca. 2 400 of these being active cash or tournament players
     - 30 and 90 day rolling active players are now 625 and 1 055 respectively
 
  * Acquisition of Paramin Poker, a Hungarian online poker site (see previous InfoPowa report)
 
  * Launch of "Devilfish Partners" affiliate program
 
  * Integration of Income Access affiliate marketing software
 
  * Brand development through several marketing channels
 
Paul Barnes, CEO of Devilfish Gaming, commented: "Following the successful but demanding float
process, and the subsequent establishment of key supplier relationships and infrastructure to start
trading, the business has really come on strong during the period, and we therefore feel we can justify
our continuing confidence in the inherent brand equity of Devilfish and so are excited about our future
prospects as a company as we move to the next stage in our growth.
 
"Further, to achieve present revenue levels in a short space of time with a low cost base in the current
competitive marketplace and difficult economic climate is very encouraging."

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Gambling News :

Pokerstars Bahamas Main and High Roller Results - The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.

Rodrigo Duterte has identified illegal gambling as his third priority - Illegal online gambling operators can anticipate tougher times in the Philippines following a directive from President Rodrigo Duterte that stamping out illegal gambling is his third most important goal after illegal drugs and government corruption.

High Hopes For Pennsylvania Online Gambling - Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.

WILLIAM HILL ACCUSED OF QUESTIONABLE MARKETING TACTICS - British Labour member of parliament for Swansea East, Carolyn Harris, has described as "appalling" player-poaching techniques allegedly encouraged by the online and land bookmaker William Hill plc.

GoWild has announced the launch of its own new gaming platform - The European online gambling group GoWild has announced the launch of its own new gaming platform, providing entertainment in addition to its Microgaming games, which will now be delivered via the Quickfire platform.

UK Government Introduces Mandatory horseracing levy - The levy kicks in after the first GBP 500,000 in gross revenue has been earned by online and retail bookmaking firms and other betting organizations.

Chinese Arrested in Philippines Invalid - Representing the thirty-nine plaintiffs, defense lawyer Irene Bianca B. Distura claimed that the warrant that led to her clients’ apprehension is “invalid.”

NJ Warns No Federal Online Gambling Ban - New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.

Casino du Liban To Launch new online gambling platform - The venture will be in partnership with an unnamed international company, and a tender has already been launched with a deadline of January 19 to submit the proposals.

Winstar slot Pays Big Jackpot - One very fortunate online punter in Bermuda has scored a major win on the Winstar slot at the PokerStars online casino, collecting a $825,037 jackpot.

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