February Handle Up for AngelCiti
AngelCiti Entertainment (OTC BB: AGLC), a wholly owned subsidiary of Worldwide Management, is announcing that it handled about $6.3 million in February, up from the $5.9 million it handled in January.
The company is reporting gross net win of $153,968 for February. Last month, the company had gross net win of $127,340. George Gutierez, president, said he is pleased that February's results were betting than those of January, especially considering that February is a shorter month.
"In the face of our growth, we are continuing to explore various funding options, which will enable us to materially grow the company that much more quickly," he said.
AngelCiti currently operates the following Web sites: AngelCitiCasino.com, VacationsCasino.com, StarbrightCasino.com, WelcomeToOurCasino.com, QuePasaCasino.com, UrlaubCasino.com and LuckyDogCasino.com.
Lottomatica Embarks on Three-Year Plan
Lottomatica SpA, an electronic lottery company based in Milan, is planning to grow 21 percent as outlined in its 2003-2005 industrial plan. The company said it would like to, in the next three years, increase revenues to between EUR 523.5 million and EUR 646 million.
Rosario Bifulco, the chief executive said that while the plan is ambitious, it mandates that the company concentrate on its core businesses.
Lottomatica expects earnings before tax, interest depreciation and amortization in 2005 to total between EUR 176 million and EUR 279 million, a 64 percent increase from the group's earnings in 2003.
Q1 Revenue Up for Group Partouche
Group Partouche, the French casino operator, is reporting that at the end of its first fiscal quarter, which occurred on Jan. 31, its revenue had increased 42 percent from the year before. Owing to the boost is the company's integration of Compagnie Europeenne de Casinos.
The company is reporting first-quarter revenue of EUR 112.2 million, which compares to revenue of EUR 79 million during the same period last year.
EU Commission OK's Purchase of Gala
The purchase of Gala Group Holdings, a U.K. bingo and casino operator, by Candover Investments plc and the Cinven Group has been approved by the European Commission.
The commission found that although Candover already has ties to a company that provides bingo games to a party company, that business connection is different from Gala's offerings, which include commercial bingo halls.
Cinven has a controlling interest in a U.K. pub company that operates gaming machines. The commission found no conflict of interest in that relationship.
Reports
William Hill (WMH), an online sports book listed on the London Stock Exchange, is reporting an increase in turnover of 37 percent to £3,365.3 million from £2,452.2 million for the last fiscal year. Gross profit is up 14 percent to £416.0 million from £365.0 million in 2001.
William Hill (WMH) - Yearend Report
Australia's Publishing and Broadcasting (PBL) is reporting that its Crown casino division has improved its earnings before interest and taxes by 19.6 percent for the first six months of the year.
Publishing and Broadcasting (PBL) - Interim Report