Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Wednesday 28th July 2004

AngelCiti increase half year profits by 11%

The latest success story in the online gambling industry to post impressive figures regarding growth is AngelCiti Entertainment. Yesterday they released figures on their subsidiary Worldwide Management, revealing that revenue and profits had increased when compared to the same period of last year.

In the first six months of 2004, profits have increased by 11%- with gross profits for the first two quarters standing at US$901,000. Revenue for the first half of the year was US$20.3 million. These figures have been achieved despite investments the company has made this year, such as the acquisition of Midas, as we reported yesterday.

George Gutierrez, President of AngelCiti commented on the figures with the following statement: 'We continue with our improved results from operations, even as we focus on spin-off and expansion of the online poker operations, digest the acquisition of Midas Entertainment and prepare for the dividend of Midas shares to investors. Management took a big step in acquiring a controlling stake in the company this past spring and we are confident that the measures we are taking will result in increased shareholder value as the markets and shareholders to digest the positive ongoing developments of the company.'

Source: OnlineCasinoNews

View Similar Stories
888 Online Casino Year Profits Up
Paddy Power Announces Record Profits in First Half Results
Mid-Year Results Indicate that Playtech Profits are Up
Online Casino Reports Profits Increase

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Friday 25^th May, 2012: One way poker Swapsies
Friday 25^th May, 2012: New Bap - Day 3
Friday 25^th May, 2012: WSOP Fantasy Draft 2012
Friday 25^th May, 2012: Sharkscope

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.