Mobile gambling specialist Probability plc has reported a 30 per cent increase in net gaming revenues to a record £1.5m for the third quarter ended December 31st, which the company said was a result of adverse weather conditions affecting the UK during the period.
Following the launch of a number of new products last year, London Capital Group Holdings plc (LCG) said Tuesday that it is well positioned for growth this year, with the company expecting to report full year profit before tax for 2010 in line with current market expectations.
Having acquired a U.S pari-mutuel hub operating licence via its subsidiary European Wagering Services(EWS) earlier this year, Webis Holdings plc said Friday that it will establish a presence within the U.S and increase marketing and development activity as it actively pursues the continued growth of EWS.
Following a successful year during which the company saw revenues increase by 27 per cent to more than one billion pesos for the first time ever, shareholders of the Philippines' PhilWeb Corp. have approved a proposal to issue new shares to raise up to P5 billion (€87.2m) to fund future acquisition and expansion projects to be undertaken by the company.
PartyGaming plc said Friday that it is in advanced discussions with a number of licensed companies in the U.S that could create substantial value for the company’s shareholders, as the possibility of a regulated U.S gaming market gathers momentum at both a federal and state level.
The Weather Lottery (TWL) said Monday that it is looking to add a new range of gaming products for both existing and new customers, including an online and offline sportsbook operation as well as online casino, slots and poker products, after the company recorded an 8 per cent decline in revenues for the year ended July 31st 2010.
GVC Holdings plc said that it expects its 2010 results to be in line with market expectations, despite posting a 12 per cent decline in average daily net gaming revenues to €142,000 for the eleven week period ended December 15th.
Her Majesty’s Revenue & Customs (HMRC) has rejected a claim from Football Pools operator Sportech plc for the repayment of VAT overpaid in respect of the company’s ‘Spot the Ball’ game which was offered between 1979 and 1996.
The UK Gambling Commission has released detailed statistics relating to the gambling industry in Great Britain with total gross gambling yield (GGY) falling marginally to £5.7 billion for the year ended March 31st 2010, following an 11 per cent fall in online gambling GGY to £634m.
Italy’s gaming sector is on course for a record breaking 2010 thanks to another month of strong growth in November, in larger part once again thanks to the Italians’ love of slot machines and VLTs.
Spain’s proposed tax rates for sports betting have been labelled as anti-competitive with operators warning that it could drive consumers towards unregulated providers.