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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.”



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

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!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

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.

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