Poker.co.uk

Poker Info
DATE: May 25 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Tuesday 22nd February 2005

Sportingbet announces soaring profits

Sportingbet shares have tripled in five months and the second-quarter profit jumped 84 percent as earnings benefited for the first time from November's purchase of Paradise Poker.

The London-based company announced a net income rise of 15.6 million pounds ($30 million), or 3.6 pence a share, in the three months through January from 8.5 million pounds, or 2.8 pence, a year earlier. Paradise Poker contributed 8 million pounds of operating profit.

Nigel Payne, Chief Executive of the company, said, �I am delighted to report a record six month performance for Sportingbet, in which we have seen the scale of the Group�s operations, augmented by the recent acquisition of Paradise Poker, increase considerably. Sportingbet now has over 2.2m registered customers. We have seen a 49% rise over the same period last year in the number of sports and gaming bets to 206.4m bets, and a pro-forma rise of 114% in the average daily poker rake per day.

Source: OnlineCasinoNews

View Similar Stories
Paddy Power Announces Record Profits in First Half Results
Online Bookmaker Announce Soaring Profits
Sportingbet Announces Annual Profit Loss

Discuss this story in the Poker Forum. Last 5 Posts:
Friday 25^th May, 2012: $1500 WSOP opening event.
Friday 25^th May, 2012: WH Poker and WH Points
Friday 25^th May, 2012: WSOP Fantasy Draft 2012
Friday 25^th May, 2012: One way poker Swapsies
Friday 25^th May, 2012: New Bap - Night 2

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.