Betcorp and Zone4Play Appoint Advisors
Betcorp Ltd (BCL.AX), operator of BetWWTS, has affirmed its desire to seek a listing on the London Stock Exchange by appointing KBC Peel Hunt as advisor to a possible float. The company is already listed on the Australian Stock Exchange, but may seek to drop that listing if its venture in London is successful.
Multi-platform remote gaming solutions provider Zone 4 Play, Inc (ZFPI.OB), which is already traded on the Wall Street Bulletin Board, has announced that it has engaged Investec Investment Banking and Securities as advisor to a potential float on the London Stock Exchange during the third quarter of 2005.
Cassava Opens Its Books
Cassava Enterprises, operator of 888.com (Casino on Net) and PacificPoker.com, has made its financial report for the first six months of 2005 available to the public. The report boasts profits of US$25.4 million off of $123.7 million in turnover that improved by 48 percent over the previous year. Revenues from the Pacific Poker operation rose 226 percent to $43.8 million, and poker now constitutes about 35 percent of the company's total revenues.
Reports Released
Online payment processor NETeller Plc's (NLR.L) financial report for the six-month period ended June 2005 shows huge improvements in virtually every category. Compared to the same six-month period in 2004, average daily sign-ups have increased by 82 percent to 2,732, total members has increased by 101 percent to 1.75 million, average daily receipts improved by 103 percent to US$3 million, revenue improved by 122 percent to $73.5 million, pre-tax profit improved by 126 percent to $40.6 million, and net profit improved by 210 percent to $37 million.
NETeller Plc - Interim Report
Interactive Gaming Holdings Plc (IGH.L), has reported £1.66 million in turnover on its first interim report that includes an operational business. The company's turnover comes from three months of operating the Heathorns brand, which was acquired in March 2005. The company's acquisition of Premiere Bet in August is not reflected in the latest report. Interactive Gaming Holdings floated on the Alternative Investment Market of the London Stock Exchange in March 2004 with the goal of acquiring ownership in portals and other I-gaming sites.
Interactive Gaming Holdings Plc - Interim Report
Tabcorp Holdings Ltd.'s (TAH.AX) net profit after tax increased by 40.8 percent in the fiscal year ended June 30, 2005, reaching AU$513.8 million, as net operating revenue rose 50.3 percent to $3.7 billion. Tabcorp, the largest gambling operator in Australia, says it is targeting double-digit profit growth in the next financial year.
Tabcorp Holdings Ltd. - Annual Report