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Direct mail and print services group Communisis plc had better news this week as it announced that William Hill plc had joined its client list.
The Leeds-based company has been through a rough patch which saw profits plunge 78 percent and chief executive of three years Steve Vaughan about to depart; he will be replaced by sales director Andy Blundell. Pre-tax profits for the first six months of the year fell to GBP1.8 million from GBP8 million in the previous year.
"Trading in the first half of 2009 was difficult for Communisis and resulted in a disappointing financial performance," Chairman Peter Hickson said. "The background of economic recession combined with the company's exposure to the financial services industry resulted in substantial volume reductions in our manufacturing plants.
"There are some indications that the worst of the conditions are behind us. Towards the end of the second quarter, some improvement was noticeable, particularly in order volumes in direct mail.
"We have had some success in winning new customers. Cost reduction exercises undertaken in the first half have been fully expensed already, but will only show full benefits during the second half, and on into next year. Taken together, we have some optimism that the second half will be better than the first and that 2010 will be better than 2009."
Revenues in direct mail have fallen 25 per cent on a year ago, and as a result, group turnover was down from GBP148 million to GBP95 million.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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