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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".
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
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NHL Odds: Lone Canadian Team Plays on Friday -
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The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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