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Devilfish Gaming Player base doubles up in last half 2009
5/4/10 - Investors in the online poker group Devilfish Gaming, brainchild of the respected pro Dave Ulliott, will have been relieved to see better numbers developing through the last half of 2009.
The latest FY results show that the company is reducing its pre-tax losses and increasing sales, thanks to a significant improvement which has seen user numbers double.
The company reported that sales doubled in the last two quarters of 2009 to GBP 476 248 (GBP 237 599 in the comparative period of the previous year), and registered users on the site increased to 18 500 players (2008: 8 000), 5 000 of whom are active cash or tournament players (2008: 2 400).
CEO Paul Barnes commented, “We have continued to operate the business on a very low burn with little or no spend on marketing, whilst we pursue the agreed strategic course of growth via strategic investments and partnerships.
“The latter includes mergers, acquisitions, and B2B deals.”
The management report included an agreement on new bingo facilities through Dragonfish in collaboration with the German gambling group Gauselmann). This is to be followed by a sports betting product, although a launch date has yet to be publicised.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
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NEW CAMBODIAN GAMBLING LAWS -
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Playtech Acquires ECM Systems -
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Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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