Casinos.co.uk: Casino News Archive
Wednesday 5th May 2004
Gaming Corp’s interim results
The Board of Gaming Corporation, which operates Casino.co.uk has announced the results of the Group for the six months ended 31st March 2004. With turnover increasing to £5.5 Million for the period ended 31st March 2004, compared to £3.65 Million for the same period last year.
Current cash balances for the online portal were reported at £630,000 (£40,000 in 2003).
With more than 150,000 monthly visitors, the company said it will continue to invest in new products including multi-player poker and instant games all through 2004 and focus on growth through existing operations and strategic acquisitions.
‘We have seen continued revenue growth and a considerable improvement in the cash balances available to the Group. We have invested in our technical infrastructure and software applications, enhancing our scalability and putting us in a strong position to manage our future growth,’ said Jason Drummond the Chairman of Gaming Corp.
The London-based Company, however will not be declaring a dividend as it posted a group operating loss of £387,987 or 0.14 pence per share for the six months ended 31 March 2004.
Source:OnlineCasinoNews
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