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Gambling: bad news From Interlot
5/28/10 - SE Europe economic troubles bedevil gambling group
There was bad news for Intralot investors this week as the world’s second-largest lottery systems provider reported a 31.5 percent drop in first-quarter 2010 net profit.
The Reuters news agency reported that the dip was attributable to a less lucrative than expected Turkish contract and the worsening economic situation in South Eastern Europe.
Intralot net profit fell to Euro15 million, as sales fell 11 percent to Euro 228 million, below market expectations, with a robust performance in Italy and new contracts in the United States more than offset by lower gambling spending in the Balkans due to the economic downturn.
Intralot offers gaming platforms and operates sports betting and video lotto machines to online casinos and poker in a number of countries around the world.
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Gambling News :
IGT Continues Partnership with Coljuegos EICE -
IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.
Magic Spells SLot Launches -
The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.
Lightning Box Games in Deal With Everi Games -
Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.
Another Attempt to Acquire Tatts -
The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer
Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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