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Gambling.co.uk: Gambling News Archive

UK firm reveals solid forecast for the year ahead



Saturday 30th August 2008

Leading online gaming and sportsbetting firm, Leisure and Gaming, yesterday announced that they are well on track to meeting their full-year forecasts – with figures from the first half of the year actually ahead of schedule. The UK based firm, which is publicly traded, has seen a decrease in both the number of sportsbetting clients and regular online casino clients – but because existing clients are gambling more money, the firm has still made a profit.

The total operating profit was announced as $2.06 million for the first six months of this year – the same amount that was recorded as a loss for the company this time last year. This clearly shows that the firm is increasing its revenue steadily. Its Chief Executive, Richard Creed, said yesterday that “Results for the first half are marginally ahead of expectations and we are currently on track to meet the full-year forecasts…We now have a solid base established, which will provide us with a platform to drive profitable growth going forward allowing us to diversify geographically, drive online performance and provide additional products”. It is clear that this positive attitude is firmly based in the success of the firm in the last six months.


Source: Gambling.co.uk News

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