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Weather Lottery Losses Adding Up
01/05/2012 : Pre-tax losses now top GBP 789 000
The UK-based The Weather Lottery plc's venture into online gambling appears to be getting into ever-deeper water, with the latest update from the company showcasing widening losses.
The company posted a pre-tax loss of just over GBP 789,000 for the year to the end of July - up from GBP 77,000 in the comparative period in 2010. This was despite turnover being slightly higher at GBP 1,343,000 (2010: GBP 1,231,000).
TWL has been drastically cutting costs and hopes to offload its faltering FCBetz.com subsidiary, which was responsible for GBP 400 000 of the latest losses, and remains optimistic that trading will improve going into 2012.
Chairman Lord Razzall said: "As the results show this has been a difficult year for TWL, not all of which can be attributed to the hard economic climate in the leisure sector."
During 2011 the company suffered a serious setback when former director Keith Millhench defrauded it of a large amount of money, necessitating legal costs in bringing him to justice and taking confiscatory measures against the disgraced director and his accomplice, a company employee.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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