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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.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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