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The London listed online interactive media and games group, Mirada Gaming plc turned in a solid performance over the six months to 30 September 2008, resleasing its results this week.
Highlights included:
* Successful restructuring of enlarged group and renewed strategy
* Move to new UK headquarters complete with state-of-the-art equipment and custom-built studios
* New commercial offices opened in Milan and Montevideo to accommodate growing international client partnerships
* New relationship with ITV - successful launch of Bingo Night Live on ITV1
* Continued progress in primary markets of UK and Spain with new client wins and product development
* New contract win for major cable operator in the Middle East
* Effective cost reduction programme and restructuring:
* Other administrative expenses reduced to GBP 3 604 000 (2007: GBP 4 373 000) 

Gross profit increased to GBP 2 801 000 (2007: GBP 2 252 000) and improved trading reduced the loss before interest, tax, depreciation, amortisation, and restructuring to GBP 525 000 (2007: GBP1 632 000)
Net gaming income however fell to GBP278 000, from GBP489 000 a year ago, which the company said was due to the adverse impact of a GBP100 000 winner in one of the interactive games and the group’s new focus on its B2B gaming business.
Jose Luis Vazquez, Chief Executive Officer of Mirada, commented: "We have finally integrated our operational and commercial teams into a global organisation, and the expansion of the Media business unit is very promising. Our gaming division is launching innovative new products and forging new partnerships, placing us at the forefront of the interactive media sector.
"Mirada's positive new developments as well as increasing international reach have been achieved while successfully implementing a company restructuring and cost reduction plan, which has led to significant savings for the Group.
"We have exciting new opportunities to pursue in Asia, Europe, North America and South America, and we expect to report positive news arising from these during the coming months."
The company benefitted especially from the inclusion of results from Fresh Interactive Technologies, the Spanish technology firm Mirada merged with earlier this year.

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Gambling News :

Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

Coral Launches player proposition betting product - Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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