Things Looking Up For Leisure & Gaming
Published: Tuesday, January 15, 2008 Online-Casinos.com
THINGS LOOKING UP FOR L&G
Late run on the inside boosts performance
The UK online and land gambling group Leisure and Gaming plc has seen a marked rise in trading through Q4 following a period of losses in the previous six months, investors were relieved to hear this week.
The company, which currently has a market capitalisation of GBP 5.94 million, said it expects to report a gross profit of about GBP 3.2 million for the full year, with gross profit in the fourth quarter forecast to come in at GBP 1.8 million compared to a mere GBP 300 000 in the equivalent period in 2006.
Giving the update, CEO Henry Birch said: "We are delighted that, after a disappointing 2007, we ended the year on a high note with very positive trading in the fourth quarter. Having completed an initial restructuring of our operations and cost base, we feel that we are in a good position to capitalise on the growth in the Italian market [where the company is especially active] and are optimistic for the year ahead."
The strategic restructuring, which was launched last November, included strengthening the company's risk management team, restructuring franchisee commissions, removing underperforming franchisees from its Betshop network and the opening of a new operations centre in Italy.
An old favorite brought back under a new software brand, U.S. friendly.
Use just one account to access poker, sports book and casino gaming.
Excellent number of high-quality games and great support.
Nice sign-up and on-going bonuses with fast cash withdrawal processing.
Good selection of fun games including some new, innovative games on offer.
Huge sign-up bonus with reasonable wagering requirements and an excellent look and feel.
New players receive an insane 200% bonus up to $1000 free on both their first and second deposit.
New players offered up to $888 free in sign up bonuses, a special bonus available for blackjack players as well.
