Results Down for TVG Network Owner
Gemstar-TVGuide International Inc. (GMST) -- the company that owns TVG, the Interactive Horseracing Network which allows users to watch and wager on horseracing events from home-- has released its financial results for the third quarter of 2003 ended September 30, 2003. Gemstar-TVGuide reported a net loss of $18.1 million and operating losses of $24.2 million. The company's cable and satellite segments, of which TVG is a part, recorded $81,646 in revenue this year, 18 percent less than last year's $99,368. TVG now has 11.5 million subscribers. They had only 8 million last year.
Stanley Leisure To Give Trading Update
Stanley Leisure Organization plc (SLY.L), which is coming off of what it considers to be a major victory in the Gambelli case before the European Court of Justice, notified the London Stock Exchange on Thursday that it will release a trading update for the six months ended October 26, 2003 on Friday, November 21, 2003.
Reports Released
British Sky Broadcasting Group plc's (BSY.L) figures for the first quarter ended September 30, 2003 show that its quarterly operating profit before goodwill and exceptional items has increased 101% from last year to £151 million. The group's profit after tax was £90 million, a huge improvement over the negligible amount it made in last year's first quarter. Revenue has risen 17 percent to £850 million. The company says that third party betting and the operation of its web sites are among its main areas of growth, and SkyBet revenues increased 127 percent to £50 million, mostly because of more telephone and interactive bets. Interactive revenues overall were up 70 percent, and Sky Active revenue is up percent.
BSkyB - First Quarter Report
BETandWIN.com Interactive Entertainment AG's (BWIN>BE) latest financial report for the third quarter and first nine months of 2003 indicates that the company has had a lot of success this year. BETandWIN's quarterly turnover from betting, casinos operations, and lottery games for the quarter has risen 70.7 percent from last year's 3rd quarter mark of $61 million to $104 million this year. Net winnings for the quarter are up 45.1 percent to $6.1 million, and revenue is up 64.7 million to $7.7 million. EBITDA for the quarter is also up at $1.1 million. The company's turnover for the first nine months has risen 70% compared to last year, while net winnings after commission has risen 107 percent.
BETandWIN - Third Quarter Report