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The Weather Lottery Losses Mount

Tuesday December 6,2011 : T.W.L. LOSSES MOUNT
 
Online gambling company anticipates pre-tax losses of GBP 740,000 for the year to the end of July.
 
The troubled The Weather Lottery online gambling company's losses just keep mounting, with the latest numbers anticipating pre-tax losses of GBP 740,000 for the year to the end of July following a first half loss of GBP 321,000 and full year losses of GBP 77,000 last time.
 
The company's difficulties have resulted in it postponing the upgrade to its five-a-side facility at the Harvey Hadden Sports Complex in Nottingham.
 
Management reports that losses at FC Betz.com amounting to GBP 267,000 in the first half year, including expensed sponsorship costs of GBP 177,000 and operating losses of GBP 90,000, were reduced in the second half and are now expected to amount to approximately GBP 400,000 for the full year, with club sponsorship expenses now eliminated and consultancy costs significantly reduced.
 
The company has continued to operate the site but at a much reduced level at a break-even or small loss level month on month. After all the enthusiasm over FC Betz, the board does not now consider it to be part of the future of the business and is seeking ways to dispose of it and its assets and database as soon as possible.
 
The core lottery business is expected to report a small profit for the year, despite expenses relating to the fraud committed by former director Keith Millhench  exceeding GBP 100,000 for the year.
 
The company's Devilfish Poker online poker subsidiary recorded losses for the period from December 2010 to the end of July, expected to be in the region of GBP 150,000.



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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

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NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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