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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."
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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