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SportingBets new fiscal year looks promising

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.

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Gambling News :

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

NYX Gaming Group Expanding in Italy - NYX Gaming Group says its continues to bridge the gap between online and land-based operators as it announced a new licensing deal in the Italian market.

Interwetten Q3 2016 Report - In a brief third quarter 2016 report, Malta-headquartered online gaming company Interwetten reported strong growth across all verticals, with an emphasis on online casino revenues.

Evolution Gaming Q3 2016 Report - Evolution Gaming Group AB delivered in its third quarter 2016 results reporting strong growth in revenue and a significant increase in mobile penetration. The company attributes is success to strong general growth and continued high demand for dedicated environments.

Ladbrokes Donates to Gamcare’s new Youth Program - UK gaming firm Ladbrokes has pledged GBP 180,000 to Gamcare’s new Youth Program over 2016 and 2017, following a visit by chief executive officer, Jim Mullen.

Dragonz Slot Launches - #Dragonz The creatures in this 243 ways to win game engage with play during the free spins round, triggered by three or more scatters on the reels, and each character leads four different free spins rounds.

Mecca Launch Instant Win Games - IWG has provided instant win content to lotteries for the past 15 years, amassing a portfolio of over 250 games. Its deal with Mecca signifies a move into the wider online gaming industry, servicing commercial brands and platforms.

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