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Q3 PERFORMANCE RELEASED BY SPORTINGBET

Wednesday May 30, 2012 : Q3 PERFORMANCE RELEASED BY SPORTINGBET
 
Aussie business accounts for 90 percent of profits
 
The UK publicly listed online gambling group Sportingbet plc released its Q3 numbers ended April 30 Wednesday, showing:
 
* Amounts wagered up at GBP 555.9 million (Q3 2011: GBP 507.3 million)
 
* Net gaming revenue down at GBP 43.4 million (Q3 2011: GBP 54.7 million) 52 percent of NGR was generated from regulated territories and a further 24 percent came from territories where the group is paying tax ahead of expected regulation.
 
* EBITDA down at GBP 10.8 million (Q3 2011: GBP 16.1 million)
 
* Net cash down at GBP 24.8 million (Q3 2011: GBP 31.4 million
 
The Australian companies delivered soaring amounts wagered, up 78 percent to GBP 369.1 million, with NGR up 116 percent to GBP 18.1 million. Mobile alone accounted for 34 percent of NGR in April.
 
In Europe and emerging markets the story was less encouraging, with amounts wagered down 38 percent to GBP 186.8 million, and NGR down 47 percent to GBP 24.2 million.
 
The business was impacted by the Codere injunction, which halted Spanish operations from 27 March 2012, but a Spanish licence is expected early June 2012 followed by the anticipated lifting of the injunction.
 
Annualised fixed costs were reduced by GBP 15 million, the company achieved margins of 10.1 percent on in-play betting, and mobile player numbers grew by 150 percent.
 
Group chief executive Andrew McIver said: ''Our Australian business, which accounts for over 90 percent of our profits, continues to go from strength to strength. The integration of Centrebet is nearly complete and our combined Australian business grew NGR by 116 percent in the quarter.
 
"Europe continues to be impacted by the recession and the effects of regulation. As we have demonstrated in Australia, the long term benefits of regulation are clear but  take time to manifest themselves.''



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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