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HAS LEISURE AND GAMING TURNED THE CORNER
The UK-listed online gaming and sportsbetting firm Leisure and Gaming has been through some tough times since the loss of the US market due to the UIGEA, but numbers released this week indicate that the company may be turning the corner to a more positive future.
The company announced an operating profit of $2.06 million for the first six months of 2008 after posting a loss of the same amount for the comparative period in 2007.
Although the London-based firm experienced a decrease in wagering to $60.82 million from last year’s $96.29 million, and net win dropped to $16.93 million from 2007’s $20.46 million, its net win margins increased to 27.8 percent from 21.3 percent, driving up gross profits to $5 million from last year’s $1.76 million.
In addition, the gross profit percentage grew from last year’s 1.8 percent to 8.2 percent while overheads decreased to $2.94 million from $3.82 million.
“Results for the first half are marginally ahead of expectations and we are currently on track to meet the full-year forecasts,” said Richard Creed, Chief Executive Officer. “We now have a solid base established, which will provide us with a platform to drive profitable growth going forward allowing us to diversify geographically, drive online performance and provide additional products."
For the six months ending in June, Leisure and Gaming amounts wagered for sportsbetting came in at $55.07 million, down considerably on last year’s $83.79 million, and generated a net win of $14.72 million - lower than last year’s $16.05 million, at a net win percentage of 26.7 percent.
Casino products contributed $27.54 million in plays, down on last year’s $50.52 million, and generated a net win of $883 877, a decrease from last year’s $1.62 million.
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With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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