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Leisure and Gaming Earnings
10/14/09 - The Leisure and Gaming plc offline and online gambling group has posted another positive quarter, heartening investors after some difficult times.
The company announced this week that amounts wagered had more than doubled to Euro 27 million (2008 Q3: Euro 13.3 million), and that EBITDA had at last turned positive at Euro 100 000.
Sportsbetting was the star when it came to a breakdown of quarter 3 contributions, bringing in wagers worth Euro 16.4 million (Q3 2008: Euro 12.7 million) - a 29 percent improvement that generated a net win up 8 percent at Euro 2.8 million. The company experienced the same problems as other bookie firms - lower sports margins as a result of a string of favourites winning.
The news was less pleasing on the casino products, where amounts wagered plunged over 30 percent to Euro 3.8 million, generating anet win of only Euro 200 000, or half that of the comparable quarter in 2008. The company also reported a slide in amounts wagered on lotteries and skill games, which came in at Euro 500 000 (Q3 2008: Euro 600 000) with net win at Euro 100 000, again half that of the preceding year's third quarter.
Poker delivered a positive performance, providing Euro 10.3 million worth of business from which the overall net win went up 44 percent to Euro 4.6 million.
Chief executive officer Richard Creed commented that the third quarter was traditionally a quiet period in the industry, but that the company had in any case improved on last year's performance as it diversified in both geographic effort and products. He said that business volumes had been excellent, with active customer numbers at a record high.
“The fourth quarter is the busiest of the year and we start the season with an expanded number of partners. Poker activity through July and August, which is a quiet business period, was encouraging with volumes remaining high, providing a reliable contribution to profits. This trend has continued in September,” Creed observed, anticipating a brisk fourth quarter.
Gambling News :
Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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