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SPORTINGBET ISSUES BRIEF TRADING UPDATE
Wednesday August 10, 2011 : Management highlights the benefits of geographic diversity
The UK-listed online gambling group Sportingbet plc issued a trading update Wednesday, reporting that it intends to announce its Q4 (three months ended 31 July 2011) and preliminary results on 5 October 2011.
"As expected, the trends experienced during the previous nine months of the year have continued into the final quarter," Management reports.
"Challenging economic conditions in some of our European markets have resulted in an increased focus on cost control. Our Australian and Emerging Markets businesses continue to demonstrate the benefits of the Group's geographic diversity with resilient performances throughout the year.
"The company's proposed acquisition of Centrebet [in Australia] is expected to complete at the end of August 2011, with Centrebet shareholders due to vote on the acquisition on 17 August. The acquisition is in line with the company's strategy of increasing the proportion of its business derived from regulated markets.
"The Group continues to monitor regulatory developments closely and expects to take advantage as markets move towards implementing regulation.
"The Directors remain confident of the outcome for the financial year just ended."
There was no mention in the update of the talks reportedly ongoing between Sportingbet and Ladbrokes plc
Oink Country Love Slot Launches -
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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 -
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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.
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