bwin Interactive Entertainment has reported gross gaming revenues of €127.2m for the second quarter of 2010, an increase of 34 per cent versus the corresponding period last year, benefiting once again from record turnover from the company's core sports betting product.
With volatile market conditions during the second quarter helping to boost trading at the company's core UK financial spread betting business, London Capital Group Holdings plc (LCG) has reported revenues of £20.9m for the first half of 2010, an increase of 61 per cent versus the corresponding period last year.
As the company prepares for the launch of online gaming services to Finnish citizens, Finland's state-controlled gaming operator Rahaautomaattiyhdistys (RAY) has reported a marginal increase in total gaming revenues to €322m for the six month period ended June 30th.
As a result of the migration of its players to Unibet's bingo platform, Bingo.com Limited has reported "a far greater loss of gaming activity" than anticipated during the second quarter ended June 30th, with total revenues falling 76 per cent to just $368,932.
Buoyed by a strong performance from its sports betting product, in particular during the World Cup, Unibet Group plc has reported gross gaming revenues of £39.2m for the second quarter of 2010, an increase of 31 per cent compared to the same period last year.
Germany's JAXX AG has reported a 21 per cent increase in revenues to €31.7m for the second quarter of 2010, boosted by average sports betting margins of 20 per cent during the World Cup and the launch of live betting at its mybet.com subsidiary.
Unsurprisingly, Italy's sports betting figures were on the up in July, thanks to the final stages of the World Cup taking place during the month. However spending on poker was again flat, with turnover a fraction lower than June's total.
CryptoLogic CEO Brian Hadfield is leaving the company after reporting second quarter results Thursday which showed a continuing decline in revenues and mounting losses, with chairman David Gavagan stepping in as interim CEO to oversee further restructuring and a reduction of the company's workforce.
PartyGaming plc has reported a 30 per cent increase in total revenues to €181.2m for the first half of 2010, driven by strong growth in the company's online casino and sportsbook offerings, as well as a maiden contribution from Cashcade which helped to offset the continued poor performance of poker.
Benefiting from a successful World Cup, Sportingbet plc said Thursday that the company took more than £50m in betting stakes on markets involving the World Cup during its financial fourth quarter ended July 31st, with in-play betting accounting for 65 per cent of the total.
Australia's Tabcorp Holdings Limited has reported a marginal increase in net revenues to AUD$4.2bn for the year ended June 30th, with growth from the company's wagering division offsetting declining contributions from its gaming businesses in Queensland and Victoria.