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Sportingbet's Q1 Solid Results
12/18/09 - The solid results in Sportingbet's Q1 have continued, and trading across the business is in line with management expectations, investors were informed this week by chairman Peter Dicks, who told the agm that the company remains confident of achieving a satisfactory outcome for the current financial year.
The Q1 results announced on 25 November showed growth of 26 percent in net gaming revenue year-on-year and a 56 percent increase in the group's core European sports betting revenues.
Dicks said that sports betting now accounted for 69 percent of revenue and was expected to be the key driver of growth for the rest of the year.
"The achievements of the past financial year have demonstrated the success of the restructuring of the group during 2007 and 2008," the chairman reported to investors. "The group's operational bases are now well bedded down and are performing strongly.
"In addition, the group continues to invest in its personnel, in its infrastructure and particularly in its IT capabilities. This investment is leading to a greater range of products being offered to our customers which is driving further growth in turnover.
"To support these initiatives further investment is continuing to be made in the group's sales and marketing resource."
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
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
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
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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