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SportingBets new fiscal year looks promising
December 16,2011 : SPORTINGBET OFF TO A GOOD START
Online gambling group’s new fiscal year looks promising
The veteran internet gambling group Sportingbet plc has posted a good start to its new financial year, reporting that trading for the first 19 weeks has been in line with management's expectations.
Sports Net Gaming Revenue was up 9 percent on a like for like basis and total NGR rose an impressive 37 percent, the company revealed Friday.
Management advised that in response to the continuing difficult European economic environment, the group has taken action to both reduce its central costs and those of its European business, and to further diversify earnings away from Europe with the acquisition of Centrebet in Australia on 31st August 2011.
The integration of Centrebet with the group's existing Australian operations is proceeding well and is at least in line with plan, the company said, revealing that Australia now represents 47 percent of group NGR.
Chairman, Peter Dicks, said: "With regulatory change well under way in Europe, and notwithstanding the economic outlook, we are confident that the benefits of regulation, with increased advertising opportunities, improved payment processing and a stable business platform, will drive profitable growth in the medium term."
The group submitted its application for a Spanish license on 7th December, and was awarded a Danish licence on 15th December.
Following the disposal of its Turkish business on 21st November (see previous InfoPowa reports), 53 percent of the Sportingbet business is now regulated, with a further 22 percent paying tax in Spain and Greece, pending the granting of those licenses.
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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