Casino News: World Cup Gambling Season

World Cup Gambling Season

 April 8, 2007, 2:40 pm (7 years ago)

Starting off 2007 with a splash, one of the world’s leading online casino and sports books has recently announced an increase in revenue! The online casinos group recorded an eleven percent increase in the amount of money being laid down by online gamblers. The gambling world is beginning to pick up the pace and get back on track as the have lost the United States. The online casino company posted pre-tax profits of GBP 292.2 million, which exceeded forecasts of GBP 241.5 million for the firm. The firm has over 2,100 betting shops in the UK. When you have a wide variety of betting shops, you are sure to rank in the money.

People want to be able to get online and gamble whenever they want to and they also want to be able to play a variety of games in doing so. That is why it is important that these companies keep going ahead with their progress and do everything that they can to keep their customers happy and well satisfied to say the least.

World Cup wagering is said to be responsible for the boost in profits by 19 percent last year for the online casino firm. The tournament also helped increase gross wins by 15 percent to GBP 931.3 million in 2006 from GBP 807.7 million in 2005. The online casino bookmaker said it was ‘Realizing the benefits’ of the betting shops, which number a whopping 624, it purchased from a well-known casino operator in 2005. When companies who aren’t doing so well give their operations to another company it gives them the opportunity to pick up on some extra cash and in the end it helps them to make a living and go farther in the online business.

Although the online casino company’s Internet poker and casino businesses suffered a tough second half after the introduction of the US’s UIGEA, or Unlawful Internet Gambling Enforcement Act in 2006, its interactive gross wins still grew by a healthy six percent to GBP 130.5 million. The United States suddenly dropped out with no real notation that it was going to happen. The people there are still upset and angry about the matter and hope to see that change in the future, however will the online casino business be quick to let them back in. The casino business may list them as a risk factor instead of a factor that will help the business. This happened while online casino operating profits were up marginally to GBP 61.5 million. The online casino group has also proved its commitment to its Internet gambling operations in an extended contract with one of the world’s leading online gambling software providers. This just goes to show that many online casinos are continuing on with ‘business as usual’ no matter what the US has imposed in the way of anti-gambling laws.

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