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$2.06 million operating earnings
 September 1, 2008, 9:27 am (3 years ago)The UK-listed online gaming and sportsbetting firm Leisure and Gaming has been experiencing some harsh times from the loss of the US market because of the UIGEA, but numbers released this week show that the company might be pointing its direction to a more upbeat future.
The company revealed operating earnings of $2.06 million for the 1st 6 months of 2008 following stating a loss of the same amount for the relative period in 2007.
Even though the London-based firm went through a drop off in wagering to $60.82 million from last year’s $96.29 million, and net win went down to $16.93 million from 2007’s $20.46 million, its net win margins rose to 27.8 % from 21.3 %, bringing up total earnings to $5 million from last year’s $1.76 million.
Additionally, the total income percentage expanded from last year’s 1.8 % to 8.2 % whilst overheads went down to $2.94 million from $3.82 million.
“Outcomes for the 1st half are slightly in front of anticipations and we’re now on course to reach the full-year estimates,” explained Richard Creed, Chief Executive Officer. “We now have a firm base built, which is going to supply us with a platform to bring gainful development going frontward giving us to spread geographically, drive online activities and offer extra merchandises."
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