Poker.co.uk

Poker Info
DATE: May 27 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Monday 21st January 2008

Boss Media Outlines Road Ahead

The boss for Sweden’s Boss Media outlined the difficulties overcome by the company last year along with his plans for the future of the online gambling software provider.

Michael Hallen, Chief Executive Officer for Boss, addressed Swedish analysts at the SEB Enskilda Nordic Seminar Copenhagen 2008 last week and stated that, although 2007 was a difficult year, the company was stronger than expected.

He stated that the next twelve months would see Boss concentrate on new product launches with an increased sales focus with the company’s strong market position and balance sheet giving it ambitions of making acquisitions in a period of industry consolidation. He said that Boss aims to double revenues at sustained 15 percent margins by 2010.

Moving forward, Hallen stated that Boss would increase sales with a more aggressive marketing campaign, re-energise management, open more business-convenient offices Stockholm and work towards a heightened global presence. The company would also build bigger and better online poker and bingo networks to capitalise on the fourth quarter’s trend of strong month on month growth, target a doubling revenues with a sustained margin by 2010, have more product launches throughout the year and drive to make appropriate acquisitions in an industry that is undergoing consolidation.

Boss also released its half-year report, predicting that net sales in 2007 would end at the same level as 2006 but that the operating margin was expected to be below 15 percent. It stated that a strong development within several business areas during the last quarter has given it confidence in a better result for 2007 than was previously thought.

Hallen stated that the company intends to publish its preliminary 2007 results on January 22 and predicted that the global online gambling market is likely to grow by some 15 to 20 percent annually until 2010.

�

Source: OnlineCasinoNews

View Similar Stories
Boss Media Reports Profits Rise
Sportech Strikes Deal with Boss Media
Paddy Power Secures Boss Media Deal
Boss Media Develops Poker for Government Licensed Company
Boss Media Develops Internet Poker for Swedish Games Corp.

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: WSOP Fantasy Draft 2012
Saturday 26^th May, 2012: New Bap - Day 3
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Saturday 26^th May, 2012: Brag Thread! Post your greatest wins (online or live) here.
Friday 25^th May, 2012: One way poker Swapsies

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.