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Benefiting from strong growth in the company's casino product as well as the first contributions from Virtue Fusion following its acquisition earlier this year, Playtech Limited has reported a 25 per cent year-on-year increase in total revenues to €36.1m for the first quarter of 2010.

Unibet Group plc has reported gross gaming revenues of £41.8 million for the first quarter of 2010, an increase of 16 per cent versus the same period last year, with strong growth from the company's sports betting and casino products offsetting a more than 40% fall in poker revenues. Shares in the company slumped however as it warned that last year's EBIT figure was unlikely to be exceeded this year.

With growing contributions from outside of its core Nordic markets, Sweden's Betsson AB has reported a 17% increase in revenues to SEK367.7 million (€38.4 million) for the first quarter of 2010, buoyed by a strong performance from the company's sportsbook offering which saw gross turnover cross the SEK1 billion threshold for the first time.

Figures released this week show that competition from ever more appealing and sophisticated gaming machines in arcades and the increasing popularity of online gaming have caused profits at Dutch state-monopoly Holland Casino to fall to just €7.7m in 2009, down from over €100m only four years earlier.

Benefiting from the successful launch of the Philippines' first online casino earlier this year by state-owned Philippines Amusement and Gaming Corporation (PAGCOR), online technology firm PhilWeb Corp. has reported a 42% increase in revenues to PHP239 million (€4.0 million) for the first quarter of 2010.

UK bookmaker William Hill said Thursday that net revenues from the company's William Hill Online (WHO) business increased by 25 per cent during the 13 week period ended March 30th, with significant growth from its online sportsbook helping WHO operating profit improve by 51 per cent to £23.3m.

Norway's state-owned gaming operator Norsk Tipping has reported a 14.4% year-on-year increase in revenues to NOK2.98bn (€378m) for the first quarter of 2010, achieving revenue growth across all products with the exception of Keno and Flax scratchcards.

Sweden's Net Entertainment has reported revenues of SEK87.9m (€9.1m) for the first quarter of 2010, an increase of 28 per cent compared to the same period last year, following continued growth from existing customers as well as the launch of new customers during the period.

Mobile gambling specialist Probability plc said Monday that it plans to launch a full suite of real money casino games and slots for both the iPhone and Apple's new iPad tablet computer later this year as it reported a drop in net gaming revenues to £1.11 million for its fourth quarter ended March 31st 2010.

888 Holdings plc said Wednesday that it will be taking a prudent and pragmatic view of current trading and embark on a cost cutting exercise across the group, despite posting a 21% increase in total operating income to US$69 million for the first quarter of 2009.

Impacted by the loss of one of its long-standing customers last year, interactive bingo software provider Parlay Entertainment Inc has reported a 60% fall in revenues to just CAD$3.4 million for the year ended December 31st 2009, with significant investment in the company's Alderney and North American gaming platforms leading Parlay to post a net loss for the year.

GIQ Magazine Digital Edition