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Record Revenues for Plus500
Monday April 18,2016 : PLUS500 REPORTS RECORD REVENUES
Contracts-for-difference financial wagering firm prospers in a volatile market.
Plus500, the CFD betting firm that was the target for an abortive GBP 460 million takeover by Playtech late last year has reported record revenue in its Q1-2016 reportage.
Q1 revenue reached $85.2 million, an increase of 4 percent on the same period last year and up 26 percent on the final three financial regulator- troubled months of 2015.
Despite the increase in revenue, new client numbers actually declined 12 percent, although active customers remained stable at roughly 67,800.
“We are very pleased with our first quarter performance which is significantly ahead of the last quarter of 2015, and compares favourably against a very strong first quarter last year,” plus500 group CEO Asaf Elimelech said in a statement Monday.
“We continue to benefit from volatile market conditions which are stimulating new customer additions and trading activity.
"We have more high value customers, an enhanced trading platform, more robust processes, a stronger brand and more routes to market, supported by a strong balance sheet.
“We are therefore confident that Plus500 will continue growing and believe we will have another successful 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 -
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