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LASSETERS NEGATIVE PREDICTIONS WERE RIGHT
Negative predictions on its full year results notified some weeks ago by the Australian Internet casino operator Lasseters were confirmed this week when the official results were announced.
Lasseters Corporation posted a 49 percent decline in operating revenue from A$6.8 million in 2007 to A$3.5 million Australian dollars, for the year ended June 30, 2008.
In August the Australian veteran online casino operator had warned investors that it would make a loss of A$6.36 million, commenting that the full year stats reflect the 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 referred 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.
Gambling News :
US$30M DUBAI WORLD CUP -
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NBA Odds: Clippers Try to Slow Down Bucks in LA -
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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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