Sportingbet Says Profits Exceeded Expectations
Last updated: 13/03/2008 16:59
Online gambling group Sportingbet said on Tuesday profits in the final quarter of the year were better than it expected, fuelled by growth in customer numbers and solid sports, casino and gaming margins.
Sportingbet said it made good progress across all parts of its business during the seasonally quiet final quarter of its financial year, and it expects operating profit before goodwill amortisation for the year ended July 31 will be at least 60.5 million pounds.
Sportingbet also said it had bought Antigua-based ISC Entertainment, the owner of certain U.S. sports betting and gaming marketing operations, including mysportsbook.com, for an initial outlay of $33 million (19 million pounds), and a possible further $6 million.
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