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


Gambling.co.uk: Gambling News Archive

Lasseters Sees Red

Increased costs of developing sportsbook blamed along with UIGEA consequences.

Thursday 31st January 2008

Australia-based online gambling group Lasseters Corporation has announced that it is likely to see pre-audited losses for the final six months of 2007 in the vicinity of $1.68 million before exceptions.

Lasseters has been hurt by the US ban on financial transactions with online gambling companies, the Unlawful Internet Gambling Enforcement Act (UIGEA) passed in October of 2006, along with the increased costs of building and marketing a new online sportsbook operation.

Lasseters provides casino gambling services to the international market and has also been hurt by the high value of the Australian dollar when compared with its American counterpart.

 


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!