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EBITDA up 33 percent, and turnover at BetInternet grows by 40 percent

Webis Holdings, which owns the sportsbetting site BetInternet.com has released preliminary results for the year to end May showing a 33 percent increase in EBITDA - up at GBP 215000, compared to last year's GBP 162 000, and group turnover rising to GBP 117.2 million (2007: GBP 86.9 million).
 
Operating profit reached GBP 34 000, a solid turnaround from last year's loss of GBP 33 000 in 2007.
 
The Betinternet.com sportsbook recorded turnover up 40 percent to GBP 86.8 million (2007: GBP 62.1 million) which management attributed to a larger investment in European marketing activities. This had also had a positive impact on revenues achieved by its two online casinos and fixed-odds games, which accounted for 66 percent of the sportsbook's total revenues for the period.
 
Subsidiary European Wagering Services’ pari-mutuel business saw turnover rise by 23 percent to GBP 30.4 million (2007: GBP24.8 million), boosted by a significant improvement in performance in the second half of the period, which saw the resolution in November 2007 of US-related payment issues.
 
The company revealed that it has upgraded and relocated its sportsbook hardware facility to a purpose-built facility on the Isle of Man, and launched its redesigned link2bet.com website in September 2008.
 
Webis chairman Denham Eke said: “The improved trading performance for the period is a direct result of the board's strategy for the company in a number of different areas including marketing activity, IT systems, capital expenditure and the ongoing identification of cost-savings. Trading for the first quarter of the current financial year was ahead of expectations and I look forward to reporting further progress in due course.”



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$400k Winner at Bodog Casino - 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 - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

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NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - 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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