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Webis Holdings Updates Q3 earnings

Internet gambling firm Webis Holdings plc, which owns and European Wagering Services, has issued a trading update for Q3 of its current financial year ending May 31 2009.
Trading has been in line with the board's expectations, the statement advises, with continuing growth within both and the pari-mutuel operation, European Wagering Services.
In February, launched the first phase of its enhanced ‘In-Running’ product, which offers live

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betting opportunities on an increased number of football matches. The board plans to add further enhancements to this product over the coming months. In the short time that this new product has been operational, the company has seen significant growth in ‘In-Running’ turnover and this product has helped to generate an increase in Betinternet’s aggregate turnover during the period, at an increased gross margin.
EWS’s gross margin has also shown a strong improvement as the level of business completed through the company's higher-margin website at and its call centre channels has increased.
A company spokesman said that the group now has a better mix of revenues across all available wagering channels. Additional website enhancements and further infrastructure improvements for both Betinternet and EWS are on schedule for implementation during Q4 of the current financial year.
Betinternet will also be raising its profile by sponsoring a number of horse races over the coming months, including the Hunters’ Steeple Chase at Ascot on ‘March Friday’ later this week.
The board remains confident that the Company’s much improved performance over recent months can maintained, and expects to announce a pre-close trading update in early June, following its year-end on 31 May 2009.

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Gambling News :

FanDuel adds English Premier League action - Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.

Fortuna Entertainment Group in deal with Czech Football Association - Online gambling operator Fortuna Entertainment Group Nv has announced a sponsorship deal for an undisclosed consideration with the Czech Football Association (FAČR), effective from the 2018-19 season for six years.

Paddy Power and Inspired in Deal - The new agreement sees Paddy Power join a roster of other Inspired HTML 5 clients that includes William Hill, Gala Coral, Bet365 and Betfred.

Martin Crowley DraftKings Collusion Charges Dismissed - Our readers may recall a story that surfaced last month in which allegations were made that there was suspected collusion in a million dollar fantasy sports competition at DraftKings.

BeBetway British Horse racing Authority Authorized Betting Partner - Online gambling operator Betway has become the latest bookmaking firm to agree to voluntary payments over the next three years to the British Horse racing Authority in return for accreditation as an Authorized Betting Partner.

Coral Q4-2016 earnings reports - Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.

Unibet in cooperation with - Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).

Kiron Interactive in deal with Digitain - The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.

2016 World Poker Tour-best bet Bounty Scramble - That calmness and discipline not only kept Panzica in the game, but began to grind down Malones advantage, aided by some fortunate double up opportunities.

GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 - Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”

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