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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 7.6 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.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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