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Swedish Betting Exchange Turnover Drops
The Swedish online betting exchange Betting Promotions Sweden A.B., has posted a net turnover loss for the period January to September 2008, showing turnover of SEK 50.5 million over the same period in 2007 declining to SEK 31 million this year.
The interim report reveals that operating income stood at SEK 14.9 million Swedish kronas at end September this year, with an operating margin of 48 percent. In 2007, operating income was SEK 38 million and the operating margin was at 75 percent.
Managing director John Moazed commented: “The trials to find optimal parameters for our existing gaming models produced positive results. Based on these findings, changes were implemented gradually during the second and third quarters, and I am now looking forward to tracking the results in the important fourth quarter.”
Betting Promotion Sweden AB is engaged in the gambling industry, and operates an automated trading system, specialising in 23 disciplines in the sport betting area, with its main customers the Internet-based betting exchanges. The company has two subsidiaries: Permac Ltd, which is incorporated in Cyprus and is a purely administrative entity which owns the intellectual capital of the company, and Betting Promotion Teknik Malmo AB, which is incorporated in Sweden and is responsible for the development of the company’s technology.
The company also holds a fifty percent share in GameVillage, a soft gaming company. During Q2 2008 Betting Promotion extended an additional SEK 1,7 million to GameVillage, bring the aggregated total investment on 30 June 2008 to SEK 18 million. Betting Promotion has also extended a loan of SEK 5,3 million.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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