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MEDIA CORP RELEASES STRONG Q1 RESULTS
Posted 2/1/11 : Online poker and casino business shows 15.1 percent increase
Online gaming and media group, Media Corporation Plc (Media Corp) showed a strong start to its current financial year with a trading update for first quarter - 1 October 2010 to 31 December 2010.
The company reports that both its advertising network, Eyeconomy and purple-lounge.com, the groups online poker and casino business have traded profitably in the period.
- Group revenues increased 21.7 percent to GBP 5.6 million (Q1/2010: GBP 4.6 million)
- Purple Lounge revenues showed an increase of 15.1 percent to GBP 3.8 million (Q1/2010: GBP 3.3 million)
- Eyeconomy Revenues increased to GBP 1.6 million (Q1/2010: GBP 1.2 million) an increase of 33 percent
A spokesman confirmed that negotiations for the purchase of the domain Gambling.com are ongoing with a number of parties and the sale should be complete during the second quarter of the financial year.
Justin Drummond, Media Corporation's CEO, commented:
"This is another strong performance for the first three months of the new financial year. We are extremely positive about the outlook for the year and we look forward to providing further updates in the near future."
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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 -
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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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