Online Casino Portal Increases Turnover
Gaming Corporation Plc (GMC.L), the London-based operator of Casino.co.uk, has reported half-year results for the period ended March 31, 2004, showing turnover that has increased to £5.5 million from last year's £3.65 million. Current cash balances were £630,000, up from £40,000.
Reports Released
Software provider CyrptoLogic Inc (CRYP)'s financial results for the first quarter ended March 31, 2004 show a period of record revenue and strong growth in both its core casino business and its new product offerings. Compared to the same period last year, the company's earnings grew 116 percent to $3.8 million ($.28 per diluted share). Revenue rose 71 percent to $15.2 million compared to $8.9 million last year, and EBITDA more than doubled to $4.6 million compared to last year's $2 million. At the end of the period, the company had no debt and $76 million in total cash or $5.67 per share. CryptoLogic will hold it annual and special meeting of shareholders on May 11. A webcast will be available at www.cryptologic.com.
CyrptoLogic Inc. - First Quarter Report
TradingSports Exchange System Plc (TES.L), an AIM-listed person-to-person betting exchange software provider, experienced a group turnover of £160,000 for the year ended Dec. 31, 2003, resulting in a loss on ordinary activities of about £2 million, due largely to expenses of £1.7 million and re-organization costs of £485,000. The company also announced that it plans to raise £215,000 by placing 1 million shares at 21.5p per share. Proceeds from the placing will go toward strengthening TradingSports' balance sheet and providing it with more working capital.
TradingSports Exchange System Plc. - Yearly Report
Swedish I-gaming software supplier Boss Media AB (BOSS.ST) has announced its financial results for its first interim of 2004, from Jan. 1 to March 31. The company recorded net sales of $6.1 million, up 48 percent from $4.1 million over the same period last year. Boss took a net profit of $2.1 million but collected only $542,000 during the same interim last year. The company held it annual general meeting on May 6th and decided that no dividend would be paid for the year 2003. Board members Björn Nordstrand, Thore Ohlsson, Per Thunander, Jan Westholm and Peter Levin were re-elected.
Boss Media AB - Yearly Report