Neteller Optimistic on 'Milestone' Year
Neteller has revealed a $185.7 million full-yearly pre-tax loss, but Chief Executive Ron Martin said the company was recovering well from a year that saw millions paid in settlement to the U.S. Justice Department. View the full story.
Parlay Sale Talks Amicably Dissolved
Following roughly two months of due diligence and sales talk -- accompanied by a revolving door of interested parties -- Toronto-listed Parlay Entertainment said Thursday that no binding agreement had been reached with any of its anonymous suitors. View the full story.
Unibet CFO Steps down
After a year with Unibet, Ragnar Hellenius, the group's chief financial officer, has announced he will step down effective March 31. View the full story.
888 Chief not Interested in Party's Imminent CEO Vacancy
Following Wednesday's launch of 888sport.com, 888's Blue Square-powered multinational I-sports book, Chief Executive Gigi Levy said he was not in the running for the chief executive's vacancy at rival PartyGaming. View the full story.
Asian Logic Shares Gain 8 Percent on Positive Trading Update
Shares in AsianLogic jumped 8 percent Friday on the back of a positive trading update, wherein the company expressed pleasure with its progress following its December float on the London Stock Exchange. View the full story.
First-Quarter Sales up at Partouche
Partouche Group -- which recently announced that it would launch a U.K.-facing online sports book during Q2 2008 -- reported first-quarter sales of 136 million euros, up from 130 million euros in Q1 2006.
Lottomatica Reveals 1.6 Billion Euro Full-Yearly Result
Lottomatica, parent company to Gtech, has reported a 1.6 billion euro full-yearly result, compared to 939 million euros in 2006. Consolidated EBITDA rose to 702 million euros from 361 million euros the previous year.
Strong Fourth Quarter from GigaMedia
Fresh of its World Series of Poker sponsorship agreement with Harrah's, GigaMedia posted fourth-quarter revenues of $34.2 million, up 73 percent versus the previous-year period. Revenue for the company's poker software arm rose 107 percent against Q4 2006, contributing an estimated 78 percent of the gaming software segment's revenue in the quarter.
32Red Reports £12.86 million Full-Yearly Loss
32Red has revealed a £12.86 million full-yearly loss, reflecting the poor performance of its Betdirect business, which it offloaded to Stan James last October. 32Red Chief Executive Ed Ware said however that the company has returned to being cash generative, and that current trading was "encouraging."