After a year of strategic investment designed to position the company for its next stage of growth, mobile gambling specialist Probability plc has reported a net loss of £0.8m in its audited results for the year ended March 31st, following a 5 per cent drop in net gaming revenues to £4.7m.
France's FDJ said that it is well on its way to surpassing its objective of generating more than €1bn in sports betting revenues in 2010 following a successful World Cup during which more than €145m of sports betting revenues were generated by the French retail and online betting giant.
32Red plc has reported record revenues of £7.8m for the first half of 2010, an increase of 34 per cent versus the corresponding period last year, as a result of continued growth from the company's flagship casino operation.
Online casino games developer CryptoLogic Limited has called in an independent consulting firm to undertake a review of operations following a fall in second quarter earnings, with the company stating that the outlook for the year is now "much less encouraging than at the time of the Q1 results announcement".
Despite poor horseracing results during the second quarter, William Hill plc said Tuesday that it had seen a continuation of positive net revenue trends for the group as a whole for the first half of 2010, claiming that the World Cup was the "best for bookmakers in forty years".
Norway's state-owned gaming operator Norsk Tipping has reported revenues of NOK5.6bn for the first half of 2010, an increase of 6 per cent compared to the same period last year, with contributions from the company's online and mobile channel up by 43 per cent and now accounting for 14 per cent of total revenues.
The Philippines' PhilWeb Corp has recorded a 40 per cent year-on-year increase in revenues to P508m (€8.5m) for the first half of 2010 as it continues to capture market share in Asia, with further growth on the horizon after receiving a licence in Cambodia to offer online and mobile gambling through a joint venture with 5P Corporation Ltd.
bwin said Tuesday that sports betting turnover during the 2010 World Cup reached a record high compared to previous major football events, with the company generating sports betting gross gaming revenues of more than €1.1m per day.