Several dozen publicly held interactive gaming companies are reporting, acquiring, floating, spinning off, merging, de-listing, rising and falling in stock markets all over the world. Every Monday IGN wraps the financial happenings of the Net betting biz from the previous week into a nifty little package just for you.
Cryptologic Has Scheduled Conference Call To Discuss Quarter Results
On Thursday, August 14, Cryptologic (CRYP) will announce its financial results for the second quarter ended June 30, 2003. Also on the 14th at 8:30 a.m. (Toronto time), Cryptologic will hold a conference call with analysts and shareholders. Financial results and recent developments will be discussed, and the call will culminate in a question and answer period. Interested parties can listen via live webcast.
AngelCiti Anticipates Much Growth
On Aug. 5, AngelCiti Entertainment, Inc. (AGLC) president, George Gutierrez, informed shareholders of expectations for future company performance.
AngelCiti's wholly-owned subsidiary Worldwide Management has experienced a Net Handle growth of 323 percent from May through July and Net Wins grew more than 811 percent in 2003 as compared to 2002.
In a recent press release the company predicted some lofty revenue marks for the upcoming years.
For 2004 AngelCiti anticipates revenue of $16,041,716, expenses of $11,701,176, and EBITDA of $4,340,540. It predicts that in 2007 it will experience revenue of $175,427,229, expenses of $73,446,183, and EBITDA of $55,903,461.
Ubet Will Hold Conference Call
On Monday, August 11, Youbet.com (UBET) will announce its unaudited second quarter 2003 financial results. Youbet will also hold a conference call on August 12 at 5:00 p.m in order to discuss the results. The call is available to listeners via webcast at www.youbet.com.
Venetian Leads Las Vegas Sands Growth
On Aug 6, Las Vegas Sands, Inc., owner and operator of The Venetian Casino Resort and The Grand Canal Shops, released its second quarter financial information, reporting a record Adjusted Property EBITDAR of $61.5 million, which is an increase of 37 percent over last year’s second quarter figure. The company also experienced a net revenue of $150.4 million, a jump of 17.3 percent as compared to last year. President and CEO, William P. Weidner, said, "We expect our overall growth to be positively impacted by the June 26, 2003 opening of our new 'Venezia' hotel tower, which boasts an additional 1,013 luxury suites, bringing the total number of suites at the Venetian to 4,049."
Reports Released
Wembley plc (WMBYY), a race track betting company that operates in Colorado, Rhode Island and the UK, has released its interim results for the six months ended June 2003. Its dividend has risen to 6.5p per share, which is an 8.3 percent increase.
Claes Hutman, chairman of Wembley, said, “2003 has so far been a satisfactory year for the strategic development of Wembley, with approval received for an additional 1,300 VLTs (video lottery terminals) at our Lincoln Park business and the consequent achievement of an 11 % increase in VLT revenues following the installation of 570 of these new machines. The level of increase in VLT revenues is expected to continue for the remainder of 2003.
Wembley plc (WMBYY) - Interim Results 2003
NDS Group plc (NNDS) last week announced unaudited results for the quarter ended June 30, 2003 and for the entire 2003 fiscal year. NDS increased its subscriber base by 16 percent and delivered a record 26 million smart cards during the year. Dr. Abe Peled, President and CEO of NDS, said, “Despite the market remaining flat and cautious, NDS has gained considerable momentum with a number of new platform wins in China, India, Russia, and Hong Kong over the year.
NDS Group plc (NNDS) - Q4 Earnings