On the Rise
Shares of Starnet Communications International (SNMM) popped up a bit Thursday upon the company's announcement that Canadian authorities have dropped their investigation into charges of illegal distribution of pornography. The company climbed steadily throughout the day from $3 to 3.875.
Shares of Wembley Plc (WMY.L) continued to rise last Monday, following a big week in which the group announced that its pre-tax profit rose 7.5 percent to £ 14.4 million (a 22 percent increase) in the six months to June. The company opened the day at 550p, closed at 570p and held steadily over 570p throughout the week.
Tabcorp (TAH.AX) of Victoria reported a higher-than-expected 21.9 percent increase in net profit of
A$174.78 million and declared a final dividend of 24 cents versus 16 cents in the previous year. Share prices increased Thursday by 6 percent to A$2.64.
Jupiters Reports Significant Revenue Increases
In a report to the Australian Stock Exchange, Jupiters Ltd. (JUP.AX) said that its online sportsbook, Centrebet, generated revenue of A$8.9 million (US$5.15 million) on turnover of A$166.4 million ($96.38 million) in its first full year. This compares to A$3.9 million ($2.26 million) of revenue during the period from acquisition of the business from November 1998 to June 30, 1999 and compares with A$448 million ($259.48 million) revenue raised by Jupiter's traditional casino operations. The company said that its Net betting and technology businesses draw 16 percent of total operating revenue and it expects the number to climb to 20 percent in fiscal 2000-2001. The company also announced that it has launched a German-language version of the site.
TTLN Reports Increase in Revenue
Total Entertainment Inc. (TTLN), last week announced its financial results for the second quarter ended June 30, 2000. The company reported $155,611 in net revenue in the second quarter, a 244 percent increase from $45,228 in the second quarter of 1999. "We are aggressively growing our global business and maintaining our leadership position, while balancing the need to develop proprietary software and leverage resources throughout the organization," Chairman and CEO Sandy J Masselli, Jr. said. "Our goal is to translate revenue growth into profitability as quickly as possible while increasing market share." The company expects the $500,000 sale of its Slotsvegas.com website to Netforfun.com Inc. to bolster recurring revenue streams. It has also announced a new integrated global structure that addresses growing opportunities in other interactive platforms including wireless and broadband.
The company also recorded the following:
a 23 percent increase in member deposits for the six months ended June 30,2000,a significant increases over the same period ended June 30,1999.
net revenue of $365,545 for the six months ended June 30, 2000, a 17 percent increase over revenue of $311,901 for the six months ended June 30, 1999.
net income for the first half of 2000 of $381,103 or $0.01 and $0.00 per basic and diluted share respectively, compared to a loss of ($447,747) or ($0.01) per basic and diluted share for the same period in 1999.
United Trading.com Announces Revenues and Profits
United Trading.com (UTTD) announced today that its preliminary unaudited revenues and profits for the 45-day period from July 1st, 2000 to August 15th, 2000 were approximately $800,000 and $750,000 respectively. "The company believes that it is important to notify its shareholders of this preliminary financial data since these significant revenues and profits have occurred in a very short time period from the issuance of the company's 10Q-SB filing for the quarter ended June 30th, 2000. The final revenue and profit data will be included in the 10Q-SB filing for the quarter ending September 30th, 2000," said Norman Wright, the company president.
Autotote Extends Tender Offer and Announces Tender Offer Pricing
Autotote Corporation (TTE) announced that it has extended the expiration date of its tender offer for all of its outstanding 10 7/8 percent Series B senior notes due 2004 from 9 a.m., New York City time, on August 21, 2000, to 9 a.m., New York City time, on Thursday, August 24, 2000, unless further extended. As of 5 p.m., New York City time, on August 16, 2000 approximately $109,935,000 principal amount of Notes had been validly tendered and not withdrawn. The company also announced the pricing of the tender offer. The total consideration for each $1,000 principal amount of Notes will be $1,092.95 assuming a payment date of August 24, 2000.
International Exchanges Consider Merging
The Australian and New Zealand stock exchanges are considering a merger that would result in the second largest bourse in Asia, behind the mammoth Tokyo exchange, and would take many months to accomplish. The news follows similar efforts by the London and Frankfort stock exchanges to form iX. The Anglo-German stock merger has been widely criticized and has yet to receive stockholder approval.
Shareholders are expected to vote on the merger September 14.
Filings
Youbet.com Inc. (UBET) - Quarterly Report (SEC form 10-Q)
Magna Entertainment Corp. (MIEA.TO)- Second Quarter Results
dot com Entertainment Group, Inc. (DCEG) - First Quarter Results
fluxx.com AG - Second Quarter Results
Boss Media Interim Report: January 1 - June 30, 2000
Net sales for the period increased by 86 percent to SEK 80.1 million (43.0 million).*
Profit after financial items amounted to SEK 32.1 million (9.2 million), and the profit margin for the period was 40.1 percent (21.5%).
A total of 15 licenses (4) were sold during the period. At the time of this report, one additional license has been sold.
On May 23, 2000, Boss Media shares were traded on the OM Stockholm Stock Exchange after a 5:1 stock split.
Click here to view the interim report in PDF format.