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BAD NEWS FROM LASSETERS ONLINE
The Australian veteran online casino operator Lasseters Corporation had bad news for investors this week, announcing in a trading update that it expects to make a loss of A$6.36 million when it delivers its results for the full year ended June 30 2008 on August 29th.
The update notes that the results reflect the full year costs of operating the start-up business of Lasseters Sportsbook, include costs of replacing US online revenues with business from Asia and Europe, and reduced revenues from the company's online casino operations due to "delays in the implementation of new games."
Lasseters is powered by Orbis Openbet software.
The statement also refers to "significant" one-off adjustments for the write-off of unspecified historical deferred tax asset balances, and the impairment of the online casino gaming licence and associated product development costs.
Lasseters Online is a wholly owned subsidiary of Lasseters Corporation - a public company listed on the Australian Stock Exchange and licensed and regulated by the Northern Territory Government in Australia. The gaming servers are housed in Lasseters Hotel Casino in central Australia, a gambling venue that has been in operation since 1981.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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