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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
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The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
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EvenBet Open Face Chinese Poker -
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2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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