Reports Released
The third quarter financial report (ended June 30, 2004) for Interactive Systems Worldwide Inc. (ISWI) shows $15,000 in revenue for the three-month period, as compared to just $3,000 during the same period last year. The company says the increase is the result of a new non-wagering prediction game, new partners and a wider range of event coverage. Other income for the period totaled $52,000 against $32,000 in last year's third quarter. ISWI took a net loss of $1,701,000 ($0.18 per share) during the third quarter, compared to a loss of $1,065,000 ($0.12 per share) last year. At the end of the quarter on June 30, ISWI had cash and equivalents totaling $4,265,000. ISWI is the parent company of Global Interactive Gaming Ltd., which operates the SportXction play-by-play wagering system.
Interactive Systems Worldwide Inc. - Third Quarter Report
Austria-based BETandWIN.com Interactive Entertainment AG (BWIN.VI) has reported its financial results for the second quarter and first half-year ended June 30, 2004, boasting a record quarterly turnover of 184 million euros, a figure that's 88.7 percent higher than the 97 million euros in turnover yielded during the second quarter last year. Net winnings after commission were 11.553 million euros, nearly double last year's 5.789 million euros. The company also attracted 107,000 new registrations during the quarter. BETandWIN.com's turnover for the six-month interim ended June 30 is also a company record: up 70.8 percent year-on-year to 319.938 million euros.
BETandWIN.com Interactive Entertainment AG - Second Quarter Report
VirtGame Corp. (VGTI.OB), an American company that provides software solutions to the gaming and lottery industries, has announced that its net revenue for the second quarter of 2004 ended June 30th increased to $286,793 from $50,742 during the same period last year. Net revenue for the six-month period ended June 30th increased from $324,800 last year to $787,483. Operating expenses for the quarter have risen from $438,190 to $535,044 for the quarter and from $884,424 to $1,004,549 for the half-year. Net loss per share during the six month period has dropped from $.02 to $.01.
VirtGame Corp. - Second Quarter Report
Queensland-based UNiTAB Ltd. (UTB.AX) reported a net profit of 54.231 million for the year ended June 30, 2004, an increase of over 31 percent from the previous year. Revenue from fixed-odds betting for the year rose 62.5 percent to A$8.763 million while revenue from totalisator betting rose 7.1 percent to $440.555 million and revenue from gaming services rose 18.9 percent to $20.069 million. The company has warned that it does not expect such dramatic growth in wagering next year.
UNiTAB Ltd. - Annual Report
London-based and Swedish owned Unibet Group Plc (UNIB.ST) has announced second quarter turnover of £48.9 million for the three months ended June 30, 2004, up from £34.1 million last year. Gross winnings rose from £1.5 million to £5.2 million, and gross winnings margin rose from 4.4 percent to 10.6 percent. Profit after tax increased to £1.4 million for the quarter compare to last year's second quarter loss of £600,000. Profit for the six months ended June 30, 2004 rose to £3.5 million compared to a profit of £600,000 during the same period last year. Quarterly earnings per share were £0.249 for the second quarter and £0.616 for the first half.
Unibet Group Plc - Second Quarter Report