Gaming VC Holdings (London: 235p / - 13.75p / - 5.53%)
Gaming VC Holdings has gone live with its Spanish-language bingo offering, Winzingo.com, on software from Parlay Entertainment Inc.
The company, an online operator in Luxembourg, said the new offering targets the Spanish female demographic.
While a revenue forecast for Winzingo.com was not released, for sake of comparison, 888 Holdings said in May that second-quarter net gaming revenue was rising due, in part, to strong trading in its 888Ladies bingo offering.
According to Gaming VC's 2007 annual report, the bingo site constitutes an extension of its product range and will be rolled out across other European jurisdictions.
The company's business is currently centered on its casino, poker and sports betting channels.
In its most recent update, the company said trading for the first three months of calendar 2008 was "slightly ahead of expectations."
Daily revenue from sports betting, poker and casino was up 107 percent, 27 percent and 14 percent, respectively, over the fourth quarter of 2007.
Bwin Interactive Entertainment (Vienna: 21.48 euros / + 1.20 euros / + 5.92%)
Bwin Interactive Entertainment has signed an agreement with Dorna Sports, the MotoGP World Championship commercial rightsholder, to become lead sponsor of the British Grand Prix.
The agreement covers the 2008 and 2009 racing seasons.
Financial details were not disclosed.
Chartwell Technology Inc. (Toronto: 2.70 Canadian dollars / + 8 Canadian cents / + 3.05%)
Chartwell Technology Inc. has revealed net income of 1.1 million Canadian dollars, or $1.07 million, for the second quarter ended April 30, 2008.
In the year-ago quarter, the company, a software provider in Calgary, Alberta, reported net income of 100,000 Canadian dollars.
Revenue for the second quarter of this year was up 26 percent to 7 million Canadian dollars, versus 5.6 million Canadian dollars during the previous-year period.
The company attributed the year-over-year rise in revenue to license-fee growth in casino and poker of 15 percent and 88 percent, respectively.
Earnings before interest, taxes, deductions and amortization stood at 2.2 million Canadian dollars, up 237 percent against the second quarter of 2007.
The results are unaudited, the company said, and are therefore subject to change.
In Tuesday's stock exchange statement, no mention was made of the company's recent deal with Parlay Entertainment Inc. to launch jointly a Malta-based bingo network.
Rank Group (London: 78.25p / + 1.25 / + 1.62%)
Guoco Pty Ltd., the investment arm of Hong Leong Group Malaysia, on Thursday upped its stake in Rank Group from 12.02 percent to 12.67 percent, or 49.5 million shares.
Since its September 2007 profit warning, Rank has attracted a large share of takeover speculation.
In late March, Genting Berhad, the Malaysia-based investment arm of Genting Group, denied rumors that it would make a $959 million offer for the land-based and Internet gambling operator.
A London analyst covering the I-gaming sector told Interactive Gaming News the prospect of a Genting takeover was unlikely.
Meanwhile, the Richardson family, United Kingdom-based private property investors worth an estimated $993.1 million, has also been quietly building a stake in Rank.
For purposes of reference, the Richardson family holds at least 11 percent in Rank, Genting, 11.3 percent, and Guoco, 12.67 percent.