World Gaming Profits & Customers On The Rise

Published: Sunday, July 30, 2006 Online-Casinos.com

WORLD GAMING PROFITS AND CUSTOMERS ON THE RISE

No fall-off in business attributable to BetonSports affair, says chief exec


World Gaming's release of its six monthly results this week showed that the online gambling provider remains on an upward path in terms of revenues and new clients.

Releasing the financials, CEO Daniel Moran said that despite the involvement in US sportsbetting by its licensees the London based company had not seen any evidence of a fall-off in business in the wake of the BetonSports indictments.

He revealed that as a result of the BetonSports affair the company had taken precautions. "We have taken advice and reviewed parts of our business" he said. "We don't take telephone bets, we have no physical presence in the US and we have no 'original founders'. We have previously marketed to the US both online and offline but we are reviewing that marketing."

Moran said that the company was not going after BetonSports customers, despite the latter having temporarily shut down its US operations last week. "We are not seeing any downturn in trade" he said. "It's business as usual."

World Gaming's six month results showcased operating profit rising to US$ 8.9 million compared to US$ 1million the year previously, and some 31 288 new customers over the period, a 24 percent increase compared to the first half of 2005.

Strong cross-marketing of 35.6 percent from its Sportsbetting.com brand to poker and casino products was also reported.

Turnover for the six months to the end of June was $135 million, and the group said it expects sign-ups to increase as the company enters the seasonally busier second half of the year.

Answering questions on the House of Representatives vote to ban online gambling in the USA, Moran said the situation in the US was 'ambiguous'. "In our view, the Senate is going to run out of time to pass this bill" he concluded.