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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.  

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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 :

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

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