Wednesday, February 22, 2006

Sportingbet PLC | Reuters.com

"Sportingbet (SBT.L: Quote, Profile, Research), Britain's second-biggest online gaming group, beat forecasts with a 72 percent gain in second-quarter profit and said on Wednesday it was planning to launch new online games.
But its shares fell after the company said that a major shareholder was cashing in 17 million of the shares it received on selling Sportingbet its Paradise Poker Web site in 2004.
Finance Director Andrew McIver told a conference call Sportingbet would soon launch new casino-type games to broaden its existing portfolio, which already includes roulette, sports betting and the world's number four poker site, Paradise Poker.
Profit before tax rose to 27 million pounds ($47.1 million) in the three months to Jan. 31, while its average poker commission rose 107 percent to $542,000 a day."

No comments: