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LONDON SPREADBETTING FIRM PROFITS UP 50 PERCENT
The financial spreadbetting sector is, well....spreading. Hot on the heels of Party Gaming's announcement yesterday that it has launched a financial spreadbetting site with City Index comes bullish results from London Capital, which
reports a 50 percent increase in profits this year.
According to a trading update issued this week by the London Capital Group, management expects pre-tax profits for the first half of 2008 to be significantly ahead of forecast and approximately 50 percent ahead of the same period last year. Strong performance yielded greater volumes and more revenues through partnerships with betting groups like Betfair and Paddy Power, the statement notes.
The Capital Forex product has been a winner for the company, which will seek to grow the business after appointing a beefed up sales team. LGC recently acquired the Gibraltar-based direct market access trading platform FuturesBetting.com, which will go live late July targeting a professional investor base using the cross selling opportunities afforded by other LGC clients.
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Gambling News :
Local Florida Poker Pros Scam Marc Klang For $500k -
Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.
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.
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