home casinos play poker play bingo play instant win games gambling news archive forums
- -
Bookmark current page
→ casino
→ online casino
→ online poker
→ poker
  Recommended Sites
  Featured Partner
Gambling Articles
Gambling Experts
News Archive
Contact Us
Bingo Aff Program Gambling News Archive

Sportingbet Plc Releases Record Financial Results

First quarter earnings delight leading online gaming group

Wednesday 30th November 2005

Sportingbet Plc has announced record results for the first quarter of this financial year period ending 31 October 2005. Highlights included:

Financial Highlights

- Gross margin up 167% to 64.6m (2004: 24.2m), up 82% on a pro-forma basis

- Operating profit* up 396% to 22.3m (2004: 4.5m), up 76% on a pro-forma basis

(* Stated pre goodwill and share option charge)

Business Highlights

- New registered customers up 619% to 0.7m (2004: 0.1m), 245% on a pro-forma basis

- New real money customers up 137% to 0.17m (2004: 0.07m), 67% on a pro-forma basis

- Active real money customers acquired at an average cost of 148 (12 months 2004: 137)

- Number of sports and gaming bets up 44% to 123.2m (2004: 85.8m)

- Average daily Paradise Poker rake up 88% to $430,858 (pro-forma 2004: $229,377)

Peter Dicks, Chairman of Sportingbet Plc said of the announcement, 'We are delighted with the start that we have made to this new financial year. Our strategy of providing customers with multi-product, safe, online gambling opportunities via localized websites under one virtual roof has yielded a record performance for the quarter by some distance.'

CEO, Nigel Payne, was equally excited, 'In the last three months we have grown our customer database by over 700,000 new registered customers, a rate of growth 245% faster than this time last year. Each of our operating regions achieved record profits for the quarter. We are also delighted with the introduction of the new US-facing shared purse technology which has generated over $2.4m of incremental poker margin and a further $1.0m of sports and casino margin in the quarter.'

Source: OnlineCasinoNews

  • Back to archive index
  • Submit a press release

    Discuss this story in the Gambling Forum. Last 5 Posts:
    Sunday 26th February, 2017:   Horse Race betting
    Friday 24th February, 2017:   Poker Websites
    Thursday 23rd February, 2017:   UEFA Europa League
    Wednesday 22nd February, 2017:   UEFA Champione Leugue
    Wednesday 22nd February, 2017:   Hi - How to make good money online!