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PARTY GAMING RECORDS 6.5 PC SLIDE IN OPERATING PROFIT
Online gambling group PartyGaming has released its first half results, showing a 6.5 percent fall in operating profit, which management has attributed to competitive pressures and the consumer slowdown.
However, the group offered the more encouraging news that trade in the last three weeks had been strong. In the three weeks to August 18, the average gross daily revenue was $1.9 million, whilst average active poker players totalled 51 000 per day.
The group posted an H1 2009 operating profit of $60.7 million on revenues down 21 percent at $201.3 million for the six months to the end of June.
Management recapped on its non-prosecution agreement with U.S. authorities, which confirmed Party Gaming would not be prosecuted for its activities prior to the passing of the Unlawful Internet Gambling Enforcement Act in October 2006.
As part of the agreement PartyGaming said it would pay U.S. authorities $105 million over a 42-month period, which resulted in a first-half pretax loss of $66.9 million compared with a profit of $22.7 million in the same period last year.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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