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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.
Gambling News :
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
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