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GOOD Q.2 FOR ENTRACTION
The online poker company formerly known as 24hPoker, Entraction Holding AB in Sweden and Malta has posted a commendable net profit of SEK 8.4 million - all the more remarkable when compared to last year's SEK 11.3 million loss.
Net revenues of SEK 77.6 million were achieved, 48.4 percent up on the same period in 2007, with casino revenues growing at SEK 14.6 million and poker revenues reaching SEK 51.9 million.
Entraction Holding AB, through its subsidiaries, develops software systems for online gaming in Sweden, and offers software systems for poker, sports betting, and casino.
The company also operates a poker network on Malta, and provides a range of peripheral services, such as Web site design, gaming licenses, operation, payment systems, promotional tools, and end-user support; and tools that work together with its software for poker, betting, and casino, as well as online gaming software from other providers.
Operationally, Entraction holds, through Casablanca Gaming Group AB, online gaming sites, including 24hPoker.com, Martinspoker.com, Staffpoker.com, Danepoker.com, and Norpoker.com. The company was founded in 2000 as 24hBET AB and changed its name to 24hPoker AB in 2005. It further changed its name to Entraction Holding AB in 2007. Company headquarters are in Solna, Sweden.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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