PartyGaming Reveals Figures and Appoints Chairmen
Privately held Gibraltar-based PartyGaming, operator of PartyPoker.com, revealed that its underlying profit grew fourfold in 2004 to reach £210 million, while revenue also grew fourfold to £414 million. Based on these numbers, it is estimated that the company should have no problem in floating on the London Stock Exchange with a value of more than £5 billion as projected. Considering that the company last week appointed Michael Jackson, chairman of the of software group Sage, as chairman and Brain Larcombe, former CEO of private equity group 3I, as deputy chairman, it is a near certainty that the company will float within the next few months.
World Gaming Lists on AIM
I-gaming software provider World Gaming Plc (WGP.L) on Tuesday listed on the Alternative Investment Market of the London Stock Exchange. The company has raised £2.5 million through a share placing at 52.5p per share and had a market capitalization of about £20 million at the time of floatation, giving its directors a stake worth roughly £2.8 million.
Talarius Acquires RAL in Reverse Takeover
RAL Holdings Limited is being acquired by Talarius Plc (TLS.L) in a reverse takeover. Ninety-six percent of RAL's revenues come from the operation of 129 High Street adult gaming centers under the "Quicksilver" brand, while the remaining 4 percent come from an interactive division. Talarius was admitted to trading last month on the Alternative Investment Market with the goal of acquiring or making investments in companies engaged primarily in the High Street gambling market.
Reports Released
Swedish gaming company Cherryforetagen AB (CHERb.ST) posted operating results of US$549,000 for the first quarter of 2005, a slight decline from last year's $728,000. The company's turnover improved by 24 percent to $11.6 million, due largely to new acquisitions, such as betsson.com
An English translation of the Cherry report is not available.
Canada-based I-gaming software provider CryptoLogic Inc. (CRY.TO) is reporting record-setting revenues of US $20.3 million for the first quarter of 2005 (a 33 percent increase from the fourth quarter of '04. Earnings grew 27 percent to $4.8 million, or $0.34 million per diluted share--exceeding analysts' average consensus projection of $0.30 per share.
CryptoLogic Inc - Quarterly Report
In the first quarter of 2005, Internet gaming company Unibet Group Plc (UNIB.ST) improved its turnover from £43.9 million to £64.9 million, its gross winnings from £5.2 million to £7 million, its profits from £2.1 million to £2.5 million and its share price from £0.369 to £0.400 over the same period of 2004.
Unibet Group Plc - Quarterly Report
Isle of Man-based online payment processing company Neteller Plc (NLR.L) improved several key figures in the first quarter of 2005 by more than twice their amounts over the same period one year ago. New signups rose 105 percent to 1.5 million, daily receipts rose 100 percent to US$2.9 million, revenue rose 121 percent to $34.2 million, pre-tax profit rose 136 percent to $18.2 million and earnings per share rose 158 percent to $0.14.
Neteller Plc - Quarterly Report
The main highlight of Boss Media AB's (BOSS.ST) first quarter report for 2005 is a 17 percent increase in net sales to US$7.6 million. The group experienced a drop in net profit from $1.2 million to $1.03 million, while royalty revenues rose 73 percent to $5.8 million.
Boss Media AB - Quarterly Report
Betcorp Ltd., the parent company of WWTS, recorded a net profit of US$1.5 million and EBITDA of $1.7 million during the first quarter of 2005. These figures cannot be compared to last year's results because the company did not report quarterly in the first half of 2004.
Betcorp Ltd. - Quarterly Report
WPT Enterprises Inc, owner of the World Poker Tour, received $4.1 million in revenues during the first quarter of 2005, the same amount received during the first quarter of 2004. Net loss for the quarter was $1.6 million or a loss per fully diluted share of $0.08, compared to earnings of $0.8 million, or $0.05 per fully diluted share, in the 2004 period.
WPT Enterprises Inc. - Quarterly Report