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Gambling: Bad Year For Media Corporation
1/21/10 - Online gaming and media group Media Corporation expects to report a loss for the year to September 2009 but says it returned to profitability in the first quarter of the current year.
Q1 trading produced revenue of GBP 4.6 million, against GBP 1 million in Q1 2009, and a pre-tax profit of GBP 370 000 versus a previous loss of GBP 450 000.
Cash balance at 31 December was GBP 2.3 million, slightly down on the GBP 2.7 million a year ago.
Media Corp management claimed that the figures demonstrate a material turnaround, driven by the recent acquisition of online poker and casino business Purple Lounge (see previous InfoPowa report) and a strong performance from Eyeconomy, the group's advertising network.
It is expected that revenue will continue to grow as Purple Lounge is fully integrated, benefiting from cost savings.
The group has also benefited from lifting on October last year of a Google penalty that had hurt its rankings in internet search results.
Gambling News :
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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