BetOnSports Reports Solid Half Yearly
Published: Thursday, September 22, 2005 Online-Casinos.com
BETONSPORTS REPORTS SOLID HALF YEARLY
BetOnSports management shake up seems to have worked
US Sportsbook BetonSports has posted solid figures for the first half of 2005, showing a 23 percent increase in gross profits, up to $28.6 million from $23.3 million in the last half of 2004. The figures also showed a big rise in the gross margin percentage of an extra 36 percent, increasing to 7.9 percent and gross operating profit had also risen 21 percent to $5.1 million.
BetonSports has seen an increase in the amount of new customers, over 6,000 up 5 percent on last year. The company's acquisition of Easybets in May 2005, a large Internet bookmaker and casino serving Asia, will no doubt have had some impact on the firm's impressive performance.
The company has had a good year with a shake-up in the management team, website overhauls and new poker software being rolled out.
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