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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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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
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Sensational Sixes Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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