Trading and BAW's Supervisory Board
Hannes Androsch has assumed the position of supervisory board chairman of BETandWIN.com Interactive Entertainment AG (BWIN.VI). Androsch, who holds more than 10 percent of the company's shares through foundations and personal portfolios, takes over the position from Michael Tojner, who announced his resignation in May after Global Equity Partners sold a total of around 1.5 million BETandWIN shares, leaving it with less that 1 million shares, or less than 10 percent of the company. Tojner will now act as vice chairman of the supervisory board.
Cirsa Acquires Global Bingo Corporation
The competition authority in Spain has approved Spanish gaming company Cirsa's bid to purchase 50 percent of Global Bingo Corporation. After the €64 million purchase, Cirsa now owns 100 percent of Global Bingo.
Chimera Posts Net Loss in Development Year
Chimera Technology Corp (CNOK.PK), a Nevada-based I-gaming software and e-commerce services company, has reported a net loss of $85,293 and no revenue for the year ended Dec. 31, 2003. It was a year of reorganization and development for company, which says the true results of its progress will be reflected in its subsequent quarterly financial statements. Chimera signed its first licensee in January 2004.
Reports Released
Athens, Greece-based Intralot S.A., a supplier of gaming and lottery systems, reported its financial results for the first six months of 2004, showing a 13.4 percent drop in turnover, as compared to the same period last year, from €173 million to €149.8 million. The company attributes the decline on non-incorporations of instant lottery sales. Intralot's gross profit has risen 17.7 percent to €79.2 million, and EBITDA has grown 8.7 percent to €67.9 million. The group's net profit for the interim fell slightly from €38.7 million to €37.9 million.
Intralot S.A. - Interim Report
UKbetting Plc (UKB.L)has substantially reduced its losses for the first interim of 2004, thanks mostly to new customers coming to its revamped Web sites. The company's turnover for the six months ended June 30, 2004 totaled £43.1 million, up 56 percent from last year's £27.6 million in the first interim. Gaming attributed for £36 million worth of the total turnover, while the remaining £7.1 percent came from content. The group's gross profit rose 148 percent to £9.4 million. Overall the group decreased its EBITDA losses by 79 percent, from £1.6 million to £.3 million.
UKbetting Plc. - Interim Report