Asian Logic Trading Statement
Published: Friday, March 14, 2008 Online-Casinos.com
ASIAN LOGIC TRADING STATEMENT
Current trading positive
AsianLogic Limited, the Asia-Pacific online and land-based gaming company, will be announcing its preliminary results for the year ended 31 December 2007 on Friday 11 April 2008, according to a trading statement issued this week.
The statement reveals that in the period commencing 1 January 2008 to 10 March 2008, average daily casino turnover increased from $8.6 million to $10.8 million, an increase of 23.7 percent compared to the previous quarter's average.
Net gaming per day has increased from $212 000 to $240 000, a rise of 13 percent, and the company expects this to increase further by the end of the first quarter of 2008.
Poker fees continue to grow quickly, with average daily rake and tournament fees combined showing monthly growth of 20.8 percent, equating to 82 percent higher than that recorded in the fourth quarter of 2007.
The Company has launched three new gaming sites so far in 2008, with a further one to be released prior to the end of the March quarter. A further five are scheduled for launch in the second quarter of 2008.
The Board of AsianLogic is pleased with the Company's progress as a public company and is confident of continued growth throughout 2008.
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