Third-quarter results for Leisure & Gaming, a London-based online betting and gaming group, show that gross profit was up while the amount wagered by players was down.
Wagers collected this quarter were reported at 13.3 million euros, down 5.7 million euros when compared to third-quarter results in 2007. Gross profit was reported at 900,000 euros, up from the 500,000 euros reported in 2007.
According to the company, these figures matched management expectations.
“The group has now recorded four quarters of profitable recovery, indicating that our business has turned the corner following its extensive restructuring in September 2007,” said Richard E. Creed, chief executive of Leisure & Gaming, in the report.