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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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Super Multitimes Progressive HD Slot -
This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
Cherry CEO Fredrik Burvall Steps down -
Anders Holmgren, currently a board member of Cherry AB and one of the founders of Betsson where he also held the role of chief executive officer of Betsson Malta
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