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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.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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