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WEBIS HOLDINGS POSTS FULL YEAR RESULTS
Monday September 19,2011 : Tough economic conditions for online gaming group
Online gaming group Webis Holdings plc has announced its preliminary results for the 52 week period ended 29 May 2011.
The group comprises of two operations: betinternet.com a full-featured sportsbook portal with fixed-odds betting on all major sports as well as an instant, download and live dealer casino; and European Wagering Services (EWS) who own a totalisator hub which enables the passing of wagers directly into global racetrack betting pools, in real time.
Key performance indicators include:
- Loss for the period of GBP 110 000 (2010: loss of GBP 337 000)
·- EBITDA profit of GBP 149 000 (2010: loss of GBP 37 000)
·- Group gross profit increased by 17 percent to GBP 3.04 million (2010: GBP 2.6 million)
·- Group turnover of GBP 105.6 million (2010: GBP 114.2 million)
Commenting on the results, Denham Eke, Chairman, Webis Holdings plc, said:
"Although conditions in the market remain challenging, the Board believes that, after a much improved performance from betinternet, this business has the opportunity to further grow its market presence during the forthcoming year.
“There are now also signs that EWS is again beginning to trade in line with the Board's previous expectations".
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
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