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UC Gambling Group 2010 outlook
1/5/10 - The UK newspaper The Daily Telegraph reports that pre-tax profits at UC Group fell to GBP 218 221 in 2008, down from GBP 2.42 million a year earlier following a 30 percent fall in revenues. But prospects for 2010 are looking a little more promising.
UC Group specialises in providing gaming companies with online payment services such as anti-money laundering measures and the group's profits were skewed last year by its decision to pull out of business outside of that core market, as well as sizeable asset write-backs in 2007, the newspaper reports.
The company has been active in US political lobbying on behalf of the online gambling industry, and according to US government records spent $1.48 million in 2009 promoting a liberalisation of gambling legislation.
UC Group acts for 10 gaming companies, offering back-office and anti-money laundering operations and hopes to profit from any opening of the US market. The group has worked to promote Senator Barney Frank's efforts to overturn the ban on online gaming in the US.
"The USA remains core to our ambitions and every effort is being made to harness the potential commercial opportunity this will present," CEO Kobus Paulsen said recently.
Former Labour government minister David Blunkett joined the company in January 2009 and UC Group will hope his influence will help boost its financial performance, the newspaper observes.
UC's chief executive said in a recent note to shareholders in the company's annual report that core profits had risen 39 percent on the back of a 24 percent increase in the number of transactions processed. He forecast the same rate of growth in 2009 and said the company was in discussion about "various acquisitions".
Gambling News :
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.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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