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MIRADA GAMING PROFITS UP

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 :

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

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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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