Welcome to Casinos.co.uk > The Comprehensive UK Local and Online Casinos Database  
Local Casino Search:
Online Casino Search:
Casino News Search:

Casinos.co.uk: Casino News Archive

Friday 14th March 2008

Sportingbet Has Good Second Quarter

Online gambling group Sportingbet has released the financial results for its second quarter ending in January showing profits up 275 percent.

The Alderney-licensed firm revealed that group operating profits for the quarter had risen to $15.27 million from last year’s $4.07 million while those for the year stood at $23.82 million. This was 18.2 percent of net gaming revenue, which was up on the targeted 13 percent.

It stated that the amount wagered had increased almost 30 percent to $742.61 million from 2007’s $573.48 million while cash on the balance sheet excluding customer liabilities was shown at $65.15 million. This was down from 2007’s $72.27 million but statutory group operating profit stood at $7.32 million from a loss of $203,600 for the previous year.

Other highlights included growth in net gaming revenues across the portfolio with sportsbetting growing 29.6 percent year-on-year while casino business was up 29.1 percent year-on-year. However, the biggest growth was in poker, which increased 34.1 percent quarter-on-quarter.

 


Source:OnlineCasinoNews



View Similar Stories
Sportingbet Announces Record Quarter
Playtech Limited Announces Second Quarter Trade Update
Dicks Back With Sportingbet
Bingo.com Announces Second Quarter Results
Devilfish To Go Public


Discuss this story in the Gambling.co.uk Forums. Last five forum Posts:

Saturday 22nd November, 2008: Brag Thread! Post your greatest wins (online or live) here.

Saturday 22nd November, 2008: Alertpay Deposit????

Saturday 22nd November, 2008: possibly the best thing ive ever seen in the chat box

Saturday 22nd November, 2008: FPP Points

Saturday 22nd November, 2008: how much do deposit a week, month???



 
Network Sites
Gambling.co.uk
Poker.co.uk
Bingohall.co.uk
Casinos.co.uk
Lotto.co.uk
Vegas.co.uk
Gambling Directory
 
   
© 2006 Casinos.co.uk & The Gambling.co.uk Network - Gambling | Casinos | Poker | Lotto | Bingo | Vegas