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Italian Gambling: Microgame spa earnings increase

Italian online gambling group Microgame SpA has reported an astonishing increase in gross profit of 456 percent on turnover growth of 12 percent to Euro 490 million for the full year ended December 31st 2008.
 
Gross profits reached Euro 85 million - up 456 percent on its 2007 number of Euro 15 million. Net profit of Euro 4.7 million was posted, up from 2007's Euro 3.1 million, with gross operating margin reaching Euro Pokerstars7.6 million, up 42 percent on 2007's Euro 5.4 million
 
Management said that the success was attributable to a 2008 expansion program which saw the Italian company complement sportsbetting operations with the addition of skill, poker and bingo gaming, after signing agreements with Austrian skill games company Funworld and Canadian bingo software developer Parlay Entertainment.
 
Company president Fabrizio D’Aloia said: “The new games and in particular the poker have generated a remarkable increase in revenues. In fact the poker has in only four months from its start in September 2008 exceeded the turnover generated by the fixed-odds bets.”
 
Microgame's gaming accounts rose by 61 percent to 938 000, D’Aloia revealed, confidently expecting that the game would become Microgame's biggest product for FY 2009, when combined with the company's multi-operator “People’s Network” for skill games and poker. Further new games will be added over the 2009-2010 period, he said.
 
The Italian company's momentum appears to have continued into Q1 2009, with revenues of Euro 6.3 million - up 138 percent on Q1:2008 and gaming turnover of Euro 230 million, or 85.5 percent up on Q1:2008.



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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.

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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.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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