Sportingbet
Beats Forecast
As reported by Reuters: "Sportingbet,
the country's second-biggest online gaming group,
beat forecasts with a 72 percent gain in second-quarter
profit and said on Wednesday it was planning
to launch new online games.
"But
its shares fell after the company said that
a major shareholder was cashing in 17 million
of the shares it received on selling Sportingbet
its Paradise Poker Web site in 2004.
"…Profit
before tax rose to 27 million pounds (US$47.1
million) in the three months to January 31,
while its average poker commission rose 107
percent to $542,000 a day (310,000 pounds).
"Analysts
said this equated to underlying profits of around
34 million in the second quarter, beating their
forecasts of 32 million…"
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