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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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