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Phillippines lotto 33 % growth this year
Third quarter performance the foundation for bullish outlook.The Phillipines publication Business World reports that Manila-listed online gambling firm Pacific Online Systems Corp. expects to grow by more than a third this year, following an impressive three-quarter performance.
Sales from January to September 2008 went up by more than a third from a year earlier as the company expanded its reach in the Visayas and Mindanao.
In a disclosure to the stock exchange, Pacific Online said it had posted P466.1 million in revenues for the nine month period mainly due to the successful rollout of terminals [that] now total 1 541."
This translated to P4.7 billion in lotto sales in the Visayas and Mindanao offices of the Philippine Charity Sweepstakes (PCSO), the company said. Pacific Online is the exclusive online lottery system provider of the PCSO in both regions.
"With the expected robust sales in the remaining months of the year, the company’s sales performance may either sustain this significant growth or surpass it," a spokesman predicted.
The company also reported growth in subsidiary Lucky Circle Corp., which owns and operates lotto outlets at SM malls nationwide.
Lucky Circle has 69 lotto outlets and continues to expand its reach, Pacific Online said.
Oink Country Love Slot Launches -
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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