Good Revenue Following World Cup Gambling Season
29 March 2007
One of the world’s leading online casino and sports books has recently announced an increase in revenue, starting off 2007 with a splash! The online casinos group recorded an 11 percent increase in the amount of money being laid down by online gamblers. The online casino company posted pre-tax profits of GBP 292.2 million, which exceeded forecasts of GBP 241.5 million for the firm. The firm has over 2,100 betting shops in the UK.
World Cup wagering is responsible for the boost in profits by 19 percent last year for the online casino firm. The tournament also helped increase gross wins by 15 percent to GBP 931.3 million in 2006 from GBP 807.7 million in 2005. The online casino bookmaker said it was ‘Realizing the benefits’ of the betting shops, which number a whopping 624, it purchased from a well-known casino operator in 2005.
Although the online casino company’s Internet poker and casino businesses suffered a tough second half after the introduction of the US’s UIGEA, or Unlawful Internet Gambling Enforcement Act in 2006, its interactive gross wins still grew by a healthy six percent to GBP 130.5 million. This happened while online casino operating profits were up marginally to GBP 61.5 million. The online casino group has also proved its commitment to its Internet gambling operations in an extended contract with one of the world’s leading online gambling software providers. This just goes to show that many online casinos are continuing on with ‘business as usual’ no matter what the US has imposed in the way of anti-gambling laws. |
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