L&G Appoints New Finance Director
Online sports betting and gaming group Leisure & Gaming (LNG.L) on Feb. 7 said it had appointed Michael Baird as finance director.
Tote Sale Imminent?
U.K. Sports Minister Richard Caborn is expecting a favorable decision "in principle" regarding the sale of the Tote to an alliance of racecourse operators, racehorse owners and Tote directors within a month. The Racing Post reported on Feb. 8 that the £400 million ($783.3 million) was submitted to the Department for Culture, Media and Sport (DCMS) by the Jan. 26 deadline and that Caborn said it satisfied the requirements of Treasury and his team.
Party Expects $140 Million 'Full-Year' Profit
PartyGaming (PRTY.L) CEO Mitch Garber said on Feb. 8 that he expected the company to report "full-year profit" of over $140 million, though he did not specify which profit figure he was speaking of. While Party continues to convalesce after its withdrawal from the U.S. market, Garber said he hoped to expand the company's international presence, having expressed interest in the Russian and Chinese markets. Party reported net profit of $293 million in 2005.
The same day, Party announced that chairman Michael Jackson had sold 447,300 ordinary shares of 0.0015 pence each in the company, and that IPM Personal Pension Trustees had, soon after, purchased 447,300 shares on behalf of Jackson. Both transactions were undertaken at a price of 30.625 pence per share, and Jackson's beneficial holding "remains unaltered at 600,000 shares," the company said.
Party will release its annual report on March 1, 2007.
888 Trading Update
Online operator 888 (888.L) said on Thursday that it will announce an update on trading and key performance indicators for Q4 2006--as well as the 12 months ending Dec. 31, 2006--on Feb. 14, 2007.
Boss Releases Q4, Year-End Figures
Sweden-based software provider Boss Media (BOSS:ST) on Friday released its Q4 and year-end figures for 2006. The company said Q4 sales increased by 12 percent to $79 million, while royalty revenues climbed 7 percent to $56.9 million. Net profit was down $3.29 million to $1.03 million, while earnings per share totaled $0.017, dropping $0.0567 during the three-month period.
The company's year-end results evinced significant growth, especially in sales, which increased by 30 percent to $246 million; royalty revenues also jumped 28 percent to $191.1 million. Net profit totaled $8.1 million, while earnings per share totaled $0.1546, gaining $0.0198 on the year.