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Greek Intralot revenues +17%, earnings -27%, Yogonet

Greek Intralot revenues +17%, earnings -27%, Yogonet | Poker & eGaming News | Scoop.it

Intralot announced its financial results for the six month period ending June 30th 2012, prepared in accordance with IFRS. Consolidated Revenues posted an increase of 17.2% reaching 687.3 million euros in 1H12 compared to 586.4 million euros in 1H11.


EBITDA in 1H12 increased by 12.2% to 81.4 million euros, compared to 72.6 million euros in the same period in 2011.

 

EAT (after minorities) in 1H12 were decreased by 26.8% reaching 5.5 million euros. Compared to 1Q 2012, Net Debt reached 388 million euros, posting an increase by 26.1 million euros in 1H 2012 due to a capex of 39.4m in Q2 2012 mainly due to the payment for the renewal of the gaming license in Malta.

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Intralot posts 15.4 per cent Q1 revenue growth, GamingIntelligence

Lotteries and Gaming provider Intralot has attributed its 15.4 per cent year-on-year revenue growth in the first quarter of 2012 on the successful internationalisation of the business and continuing product innovation.

 

The company posted consolidated revenues for the first quarter ended March 31st 2012 of €347.2m (US$434.8m), an increase of 15.4 per cent on Q1 2011, with EBITDA rising 6.9 per cent to €41.7m ($52.2m). Earning before taxes fell however, down 6.1 per cent to €15.2m ($19m).

 

Other sources:

http://www.igamingbusiness.com/content/quarterly-revenues-improve-intralot

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Zynga taking bids for online poker platform, Legal Poker Sites

Zynga taking bids for online poker platform, Legal Poker Sites | Poker & eGaming News | Scoop.it

According to the eGR article, GTECH G2 and Playtech are the two major companies confirmed to have bid on providing the site to the largest social media poker site in the world. In addition, sources close to eGR say that Microgaming and Intralot have bids in for the platform.

 

The movement to a real money online poker platform has been in the works for a while now many feel that a $404 Million loss in 2011 expedited the company’s plans. Zynga has the largest mobile gaming network at 22 Million players and it is currently the highest-grossing game on iOS and Android.

 

This move is a bit interesting considering the fact that Zynga is reportedly the lead company interested in purchasing the Ongame Network from bwin.party. Should the platform successfully become the property of Zynga, the tender would seem unnecessary. Chances are that this tender is a backup plan should the Ongame negotiations fall through.

 

Other sources:

http://www.gambling911.com/poker/zynga-gets-bids-offer-%E2%80%98real-cash%E2%80%99-online-poker-072312.html

http://pokerfuse.com/features/in-depth/real-time-zynga-again-asserts-interest-real-money-gambling/

http://onlinepokerreport.com/zynga-another-online-poker-announcement/

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European Football conceal Italy’s declining betting market, GamblingCompliance

European Football conceal Italy’s declining betting market, GamblingCompliance | Poker & eGaming News | Scoop.it

Italian participation in European football ties saw Italy’s licensed bookmakers receive a welcome boost in turnover, but the Euro boost did little to staunch an overall downward trend, with the figures for the first quarter still registering a substantial year-on-year fall.

 

Double European clashes between Napoli and Chelsea, Inter and Marseille, AC Milan and Arsenal as well as the first leg of the quarter finals between AC Milan and Barcelona saw the total value of stakes on sports betting reach €376m during March — some 7 percent up on the figures from a year before — according to official data published by the gaming watchdog AAMS. However, the more balanced first quarter figures were still down by more than 12 percent. Once again fat margins helped conceal the underlying decline in betting spend for operators.

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