Rumors of BetonSports Float in London
Rumors speculate that Costa Rica-based online bookmaker BetonSports.com may try to capitalize on relaxed gaming laws in the United Kingdom by floating on the London Stock Exchange. The company unsuccessfully tried to float in London in 2000.
Tattersall's to List on the ASX
Gaming company Tattersall's, Australia's largest privately traded group, notified Victoria's government last week that it plans to list on the Australian Stock Exchange. Analysts said the government is more likely to extend Tattersall's pokie license past its 2012 expiration now that the company has gone public. Tattersall's, which has been private for over 100 years, and its rival Tabcorp each have licenses to operate Victoria's 27,500 poker machines. The group will likely raise over $2 billion on the listing.
William Hill Now Among the Best
William Hill Plc (WMH) has performed well enough since its flotation two years ago that it has now earned a spot on the FTSE 100 as one of the top 100 listed companies in the UK. The company's shares have more that doubled since its float in June 2002.
LegalPlay Successfully Lists in Berlin
LegalPlay Entertainment (OTC:LPLE), which operates SkillPoker.com and DailyHorse.com, has had its common shares approved for trading on the Berlin Stock Exchange in Germany under the symbol LPLE. The listing should provide the company with lower transaction costs, streamlined trading procedures, and a more convenient time zone for its dealings with European investors.
Reports Released
Bingo.com Inc (OTC.BIGR), operator of one of the Web's largest bingo portals, announced its financial results for the fourth quarter and year ended Dec. 31, 2003, showing total revenue of $888,888, which is a 24 percent increase over the previous year's $717,192. Revenue from the fourth quarter constituted $273,713, which is a 73 percent increase over the same period last year. Most of the company's revenues come from the sale of advertisements. The company also lowered its operating costs on the year from $650,042 to $598,380. The company ended the year with a net loss of $235,491, which is down 76 percent from $968,708 in 2002.
Bingo.com - Year-end Report
U.K.-based I-gaming software supplier World Gaming Plc (OTC:WGMGY)'s financial results for the fourth quarter and year ended Dec. 31, 2003 show yearly profit of $2,958,000, which is a huge improvement over last year's net loss of $5,318,000. The company received a 33 percent increase in wagering volume in the fourth quarter of 2003 compared to the same period last year. World Gaming's total revenues for the year increased by $921,000 or 5 percent, driven by a $1,056,000 (7 percent) increased in royalty revenue and a $634,000 (56 percent) increase in transaction processing revenues.
World Gaming Plc - Year-end Report