Posts Tagged ‘Tax’
Job Cuts At Tipp24
After announcing late last month that its business had been hurt by the implementation of the German State Treaty On Gaming, online lottery operator Tipp24 AG has revealed 139 job cuts at its Hamburg head office.”Tipp24 has decided to scale down its Executive Board and greatly reduce our headcount as a consequence of Germany’s new State Treaty [...]
Operating Profits Up For Sportech
Sportech, the London-based operator of The New Football Pools, has released its financial results for 2008 showing a 20 percent increase in gross win revenues to £71.8 million.The leading gaming business announced early last month that its full-year results would be in line with expectations after ‘robust’ trading over the final half of the [...]
iMEGA Files Suit Over Sportsbetting Ban
In America, the Interactive Media Entertainment And Gaming Association (iMEGA) has filed a lawsuit seeking to overturn a Federal law that bans sportsbetting in New Jersey and most other states.According to a report from the Reuters news service, iMEGA’s suit claims that the Federal Government’s Professional And Amateur Sports Protection Act of [...]
OPAP Profits Rise 19 Percent
Greek gaming monopoly operator OPAP has released its financial results for 2008 showing a nine percent increase in revenues to €5.519 billion with earnings before tax up 22.9 percent to €1.056 billion.Athens-based OPAP was founded in 1958 as a State-owned company and also reported that its twelve-month net profit grew 19.6 percent to reach [...]
Intralot Planning French Bid
Intralot, the Athens-based developer and supplier of gaming and transaction processing systems, could be about to enter the French market by bidding for an online sports and horseracing betting licence.According to a report from the Reuters news service, the Chief Executive Officer for the world's second largest lottery provider, Constantinos [...]
