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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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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.

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