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Gaming Media Group Revenues and profits both up

The London-based Gaming Media Group has posted solid results for year ended 31st October 2008, showing increased growth of 47 percent in online poker rake, and 57 percent in group revenues overall taking into account casino, bingo and TV advertising. Profit before tax has also grown by four times to GBP 1 million.
 
Management revealed that the group is adding around 10 000 registrations a month from across Europe in its poker business, PokerHeaven.com, with a conversion rate averaging 30 percent in its top 10 territories and group revenues in excess of Euro 1 million per month. 
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The group took the opportunity to announce the imminent launch of its new casino offering ‘CasinoJoy’ mid-January, with over 200 games provided by Cryptologic. CasinoJoy.com will fall under the group-wide affiliate brand, HeavenAffiliates.com, to be launched at CAP London on 29th January.
 
This (January) month also sees PokerHeaven.com launch “The Player Tracker”, its third consecutive game-management tool unique to the International Poker Network (IPN). The Player Tracker, unavailable on any other IPN site, will enable players to replay every hand in real time and benefit from poker tracking technology.
 
Media Gaming Group's television operations, The Poker Channel, which premieres the European Cash Game this month featuring 2008 World Series of Poker Main Event winner Peter Eastgate, expects to add Poland and Portugal to its distribution network in the first calendar quarter of 2009, taking it to over 16 million homes in 18 countries. The Poker Channel will also start broadcasting French, German and Dutch language versions of its shows in early 2009.
 
Crispin Nieboer, CEO for Gaming Media Group said “Our pan-European and localised approach, together with significant advances in our CRM infrastructure, has been key to the extensive growth in 2008. We forecast strong organic growth in 2009, not just from poker, but from our new casino and bingo products as well. We are also investigating more acquisition and joint-venture opportunities, where we can utilise our infrastructure to absorb similar businesses, and apply our lower CPA, higher conversion and player lifetime values.”



Gambling News :

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.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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