$BL$
14 years ago
(%)
Europe 85.2 85.6
Australia 12.7 13.2
Americas 2.08 1.18
Sports Betting 63.3 60.6
Casino & Gaming 25.2 25.5
Poker Rake 11.5 13.9
Diary Dates
Latest Div Pay 11-Jan-11
Latest Div Rec 17-Dec-10
Next Yr End 31-Jul-10
Outlook Statement
12/8/2010 "...the board remains confident that the
group will meet management expectations for the
financial year just ended"
Major Shareholders %
Bonaire Investment Holdings 9.88
FIL 9.75
Credit Suisse Sec(Europe)Ltd 7.80
DBS Advisors 7.41
Prudential 7.08
Majedie Asset Mgmt 5.71
Marathon Asset Management LLP 5.04
Note: Total includes 2 that are not displayed.
Total 61.6
Advisers
Broker Daniel Stewart & Company...
Oriel Securities
Auditor Grant Thornton UK LLP
Solicitor Nabarro
Financial PR Maitland
Yr End 31-Jul 31-03-03 2004 2005 31-07-06 31-07-07 31-07-08 31-07-09 2010 (P)
Turnover £m 970 1,064 1,526 2,064 119 144 164 208
Non-UK £m
EBITDA £m 16.1 18.4 63.8 102 2.80 19.3 34.8
EBIT £m 14.6 16.7 60.8 96.5 -4.20 12.8 26.1
Operating Profit £m 3.60 5.24 45.1 74.2 -33.6 0.80 21.9
Norm. Pre-tax £m 12.4 15.3 56.2 93.3 -3.80 13.2 26.5
Reported Pre-tax £m 1.40 4.04 40.8 71.2 -32.6 1.20 22.3 6.90
Norm. EPS p 4.14 5.18 14.0 22.2 -1.00 2.14 5.01 5.10
Norm. EPS Growth % -49.8 +25.0 +170 +59.2 +134 +1.68
Reported EPS p 0.50 1.35 10.1 16.9 -7.70 -0.50 4.20 0.70
Reported EPS Growth % -84.4 +260 +461 +67.3 -83.3
DPS p 1.00 1.00 1.50
DPS Growth %
DY % 2.25
Div Cover x 14.0 22.2 3.40
Operating Margin % 1.51 1.52 3.96 4.67 -4.19 8.73 16.0
ROCE % 93.6 -410 141 170 -16.7 62.1 66.7
ROE % 9.89 14.8 15.0 22.9 -6.08 11.5 27.9
PER x 13.1
PEG f 7.80
NTAV PS p -21.6 -10.9 -14.7 6.38 4.02 3.43 7.22
Cashflow PS p 4.98 8.51 22.6 30.0 0.28 7.35 3.38
CAPEX PS p 1.09 1.30 2.16 2.89 2.10 3.30 2.01
Net Borrowings £m -4.70 -2.90 -4.60 -86.7 -29.2 -43.8 -40.3
Net Assets £m 88.4 101 338 378 71.8 84.4 93.2
Change of year end from 31 March to 31 July 2004; Figures from 2007 in accordance with IFRS
Latest News
Newsflow
21/9/2010: The company will be added to the FTSE 250 index with effect from 24 September 2010
21/9/2010: The company has entered into a Non-Prosecution Agreement with the Office of the United States
Attorney for the Southern District of New York, acting on behalf of the United States Department of Justice. Under
the terms of the agreement, Southern District will not seek to prosecute company and its subsidiaries for activities
related to company's internet gambling business with customers in the United States from 1998 to 2006. The
company, as part of the agreement, has agreed to pay a total of £21.3m to Southern District, payable in three
instalments
21/9/2010: The company will be deleted from FTSE SmallCap index with effect from 24 September 2010
Buy Backs
No share buy backs in the last 12 months
Directors Info Cmtee Shares 3m
Andrew McIver gce 2.83 m
Jim Wilkinson gfd 867 k
Peter Dicks ch* a,r,n 417 k
Sean O'Connor * a,r,n 429 k
Brian Harris * r,n 294 k
Nigel Payne * a,n 111 k
Total 4.95 m
Company Contact: 4th Floor, 45 Moorfields, London, EC2Y 9AE, United Kingdom Tel: (020) 7184 1800 Fax: (020) 7184 1810
Email
$BL$
14 years ago
subscribeSportingbet PLC (SPBTF/SPBTF.PK) Penny Investment Summary:
Sportingbet Plc, through its subsidiaries, engages in the interactive licensed betting and gaming operations over the Internet primarily in Europe, Australia, and Americas. In Australia, the company also provides interactive betting over telephone. It offers a range of products, including online sports betting, casino, poker, and virtual games. The company was founded in 1998 and is based in London, the United Kingdom. www.sportingbetplc.com550 EmployeesFounded in 1998SPORTINGBET PLC (SPBTF:OTC US)
LAST $1.20 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 09/27/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of SPORTINGBET PLC (SPBTF)
OPEN$1.20 PREVIOUS CLOSE$1.20
DAY HIGH$1.20 DAY LOW$1.20
52 WEEK HIGH09/27/10 - $1.20 52 WEEK LOW07/20/10 - $0.81
MARKET CAP-- AVERAGE VOLUME 10 D0.0
EPS TTM-- SHARES OUTSTANDING0.0
EX-DATE12/15/10 P/E TTM--
DIVIDEND$1.64 DIVIDEND YIELD2.44%
K = Thousands M = Millions B = Billions
Key developments for SPORTINGBET PLC (SPBTF)
Sportingbet plc added to FTSE 250 (Ex Investment Companies) Index (GBP)
10/18/2010
Sportingbet plc added to FTSE 250 (Ex Investment Companies) Index (GBP)
Sportingbet plc added to FTSE 250 Index
10/18/2010
Sportingbet plc added to FTSE 250 Index
Sportingbet plc added to FTSE 350 (Ex Investment Companies) Index (GBP)
10/18/2010
Sportingbet plc added to FTSE 350 (Ex Investment Companies) Index (GBP)
$BL$
14 years ago
Sportingbet 3rd-period net off; May to date strong
(2:36 AM ET) TEL AVIV (MarketWatch) -- Sportingbet Plc, /quotes/comstock/11i!spbtf (SPBTF 0.00, 0.00, 0.00%) /quotes/comstock/23s!e:sbt (UK:SBT 66.75, +0.10, +0.15%) the U.K. provider of sports-betting services, reported that fiscal third-quarter net income per share fell 11% on 30% higher revenue. For the quarter ended April 30, the company earned 1.4 pence a share compared with 1.6 pence in the year-earlier quarter. Adjusted earnings were 1.7 pence against 1.9 pence. Adjusted operating profit rose 18% to 12 million pounds from 10.2 million pounds. Net gambling revenue reached 55.7 million pounds from 42.9 million. Amounts wagered reached 520.8 million pounds, up 22% from 426.2 million. Andrew McIver, chief executive, said in a Wednesday statement that the operating result pleased the company given "the widely reported economic difficulties in Spain and Greece, which are two of our biggest markets." Also performing strongly: the company's Australia operations. The month of May to date has been "solid," the company said. Much of the rest of the quarter will be determined by the outcome of the World Cup soccer tournament, Sportingbet said.
$BL$
14 years ago
Online Gambling More Popular than Facebook
Date: October 26th, 2010 at 1:15 amAuthor: SarahWrite commentPosted in: UncategorizedNielson Media Research recently completed a study that showed online casinos and online gambling was more popular with Internet users than were social networking sites, in particular Facebook, last year.
Nielson’s research showed that in the United Kingdom, 3.2 million people visited online gambling sites last year, while 2.2 million logged on to Facebook and other social networking sites. The number of visitors to online gambling sites represented a 40 percent increase over the year before.
“While the phenomenal growth in gambling sites over the last two years has been driven by men and women of all ages, it appears to be powered particularly by middle-aged men, the well-educated, and high-earning households,” said Nielson’s Neil Beston. According to Beston, historically, it was senior citizen and lower income households that contributed more to online gambling revenues.
Bricks and mortar casino facilities have been around for hundreds of years, but the recent development of Internet-based gambling facilities has made gambling much more accessible and convenient for millions of individuals. The first Internet-based casino debuted in 1995 and since then, countless others have popped up in all corners of the online community, offering members the chance to play games such as roulette, blackjack, and slots from the comfort of their own homes.
One such online casino, SkyVegas, was developed in March 2003 under the name Sky Bet Vegas. It originally offered three fixed odds-style games: Juicy Jackpot, Top Spin, and Super Keno. SkyVegas now offers its members many different games from which to choose, including slots, instant win games, roulette, and blackjack. The site also offers games through its interactivity facility, the SkyVegas Live channel. This channel broadcasts betting opportunities such as virtual horse and greyhound races.
Da B-A-T
18 years ago
published: 2 days ago
Surprise Testimony at Online Gambling Bill Hearing
Two Witnesses With Ties to Problem Gambling Support Bill
A hearing concerning a bill that would tax and regulate online gambling took place today for the benefit of the House Financial Services Committee. The Committee controls the fate of Rep. Barney Frank’s Internet Gambling Regulation and Enforcement Act of 2007, which was introduced in April.
The most compelling testimony in favor of legalizing online gambling didn’t come from the mouths of members of the online gambling industry, but from those who deal with problem gamblers everyday.
Both Andrew Poole, of Online Services for GamCare, a charitable organization that addresses the social impact of gambling, and Keith Whyte, Executive Director of the National Council on Problem Gambling, pointed out how the proposed legislation would provide protection for both minors and problem gamblers.
“We are satisfied that if the move towards more responsible operation continues to gather pace, as is increasingly observed across Europe and the rest of the world, that the continued legitimate development of the industry need not be off-set against significant increases in problematic gambling,” Poole said. “Robust, formal regulatory frameworks undoubtedly represent the best opportunity for achieving this."
Whyte told the committee, which is made up of more than 70 members of Congress, that Internet allows for certain controls that are beneficial is helping compulsive gamblers that can’t be found in regular casinos.
“Problem gambling is a serious and even life-threatening mental health disorder," said Whyte. "However, the graphical and interactive structure of the Internet provides a revolutionary opportunity to create informed consumers with access to a variety of information designed to encourage safe choices and discourage unsafe behavior.
He also testified that technology now exists to limit and prohibit people who are compulsive gamblers, as well as minors, in ways that’s impossible to do at a brick and mortar casino.
“The technology also exists, unlike for other forms of gambling, to allow players and operators to set limits on limits on time, wagers, deposits, as well as to exclude themselves,” Whyte said. “Clearly gambling on the Internet raises some difficult issues, but it provides theoretical opportunities for operators to deliver responsible gaming programs that meet or exceed current standards in the 'bricks and mortar' gaming industry.”
Witnesses also addressed questions about the safety of deposits, fraud and money laundering. These witnesses, who all were from the payment processing industry, told lawmakers that technology now exists to provide complete regulation and feel that regulation is best for both the consumer and the government.
“Within the United States vast amounts of credit card transactions take place on a daily basis,” said Clive Hawkswood, Chief Executive of the Remote Gambling Association. “The system is well established and well policed in order to counteract fraudulent and criminal transactions. The only circumstance in which crime can flourish is if the activity is unregulated.”
The Remote Gambling Association is a trade organization representing remote gambling operators. The organization also promotes socially responsible gambling among its members.
Jon Prideaux, Chief Executive of Asterion Payments and a former senior executive at Visa, encouraged Government involvement with online gambling for the protection of the American consumer.
“We owe it to people who have experienced problems with Internet gambling in the past to introduce a regulated environment where the proper protection can be provided to the vulnerable,” Prideaux said.
The next step for this bill will be decided by the House Financial Services Committee. A vote will soon take place on whether the bill should move forward or not. If it moves forward, it may the House of Representatives sometime this summer.
Afterhours
18 years ago
I borrowed this from BKMP board...
Relative to on-line gambling which BKMP is also invested in, here's a post from zero at the Millionaires Players Club:
Bill to legalize online gambling is off the table
Saturday, June 09, 2007
Sabrina Eaton
Plain Dealer Bureau
Washington- A bill that would legalize and regulate many forms of Internet gambling will be put on hold while its author, House Financial Services Committee Chairman Barney Frank, attempts to draw a better political hand.
"There are more votes for my position now than there were a year ago, but there aren't yet enough," Frank said after a hear ing at which Barberton minister Greg Hogan Sr. described how his son, Greg Jr., robbed a bank to pay Internet poker debts.
Frank, who believes the current ban on Internet gambling interferes with Americans' personal freedoms, says he won't push the bill through his committee until he thinks it could pass the full House of Representatives.
Financial experts at the hearing delivered conflicting reports on whether gambling Web sites can weed out patrons who are underage or live in states where gambling is illegal. Republican legislators who attended, including Steve LaTourette of Concord Township, expressed opposition to the bill.
Hogan, who lives in Hudson, listed his son's achievements, which included playing at Carnegie Hall piano recitals and being elected president of Lehigh University's sophomore class, before describing his descent into addiction and the Hogan family's futile efforts to stop it. Greg Jr. is now serving a 22-month prison sentence.
"Because Greg fell victim to Internet gambling's illusions of quick riches and a shortcut to his dreams, his dreams are in ashes today," Hogan told the committee. "Please refuse this bill, because if we open the door to any type of Internet gambling, we are allowing our college and high school students to play Russian roulette."
Da B-A-T
18 years ago
June 8, 2007
New Deal For Online Gambling?
By Roy Mark
Place your bets, please.
From the courtroom to Congress, opponents of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) this week began playing their hands to undo the controversial legislation. UIGEA bars credit card companies and other online payment systems from processing transactions with Internet gambling sites.
UIGEA specifically exempts online horse racing and lotteries from the law.
The new law does not specifically ban Internet gambling, but combined with existing statutes and a major crackdown on online wagering by the Department of Justice, a number of gambling sites have withdrawn from the U.S. market. UIGEA has also drawn criticism for being attached to an unrelated port security bill on the last day of the 109th Congress with no floor debate.
On Tuesday, a new trade group called the Interactive Media Entertainment & Gaming Association (iMEGA) filed a lawsuit in New Jersey against U.S. Attorney General Alberto Gonzales, the Federal Trade Commission and the Federal Reserve. The lawsuit seeks to halt enforcement of UIGEA. The lawsuit also asks the court for a temporary restraining order.
"In general, the law infringes on the right of free speech, freedom of association and calls into question equal protection under the law," Edward Leyden, a Washington attorney who is serving as the director of iMEGA. "[UIGEA] will have a chilling effect on legitimate streams of e-commerce and the Internet as a whole."
On Capitol Hill, Rep. Robert Wexler (D-Fla.) filed legislation to exempt online poker, Mah-jong, chess and bridge from the provisions of UIGEA. Rep. Jim McDermott (D-Wash.) dropped a bill in the hopper to serve as companion legislation to Rep. Barney Frank's (D-Mass.) bill to legalize and license online gambling in the United States.
Frank's Internet Gambling Regulation and Enforcement Act of 2007 would establish a federal regulatory and law enforcement scheme to license companies to accept online wagers from individuals in the U.S. According to Frank (D-Mass.), the licenses would require protections against underage and compulsive gambling, money laundering and fraud.
McDermott's bill would establish the process to collect online gambling revenue online by state and federal authorities if Frank's legislation is successful. "If we decide as a nation to enable gambling online, the billions of dollars flowing out of this country should remain here to help us fund schools and bridges and a host of social programs that need more than luck to succeed," McDermott said Thursday in floor remarks.
Wexler's Skill Game Act would amend UIGEA to allow poker players and other game participants to legally compete against each other on the Internet. "If you want to bet online on horse racing today, it's perfectly legal," Wexler said at a Friday hearing on Frank's bill. "It's perfectly legal to bet through online state lotteries. We have an uneven state of the law here."
In a press statement, Wexler called poker a "great American pastime. Poker is a game, not a crime." According to Wexler, the difference between poker and sports wagering is that poker players are wagering against each other and not the "house."
mjm2005
18 years ago
Legalizing Net gambling? There's a chance
By Declan McCullagh
http://news.com.com/Legalizing+Net+gambling+Theres+a+chance/2100-1028_3-6189857.html
Story last modified Fri Jun 08 18:01:16 PDT 2007
Opponents of a federal ban on Internet gambling said during a congressional hearing Friday that it would be wiser to legalize and regulate betting than prohibit it.
"In the end, adults ought to be able to decide for themselves how they spend the money they earn themselves," said Rep. Barney Frank, the Democratic chairman of the House Financial Services committee and primary backer of the legalization effort.
Friday's hearing included witnesses from companies that process online payments. In general, they echoed the arguments once used in favor of ending alcohol prohibition and that are now being invoked to decriminalize marijuana: It's better to legalize, tax and carefully regulate an industry than let it flourish with far less oversight in the black market.
Some countries already do just that. In the United Kingdom, for instance, Internet gambling is legal and strictly regulated. Some of the larger online casino operators are publicly traded on the London Stock Exchange.
"On the basis of my experience I can unequivocally state that Internet gambling can be regulated, and that abuses can be effectively regulated and controlled," said Jon Prideaux, a consultant who until last year was the head of Visa Europe's Internet arm.
A law that President Bush signed last year tried to eliminate many forms of online gambling by targeting Internet service providers and financial intermediaries, namely banks and credit card companies that process payments to offshore Web sites. The bill never received a formal vote in the entire Congress but instead was glued onto an unrelated port security bill that the Senate unanimously approved.
Now the pro-legalization forces are trying to marshal a counterattack. Frank introduced a bill in April that would replace the current broad prohibition with strict regulations--including criminal background checks and financial disclosure--imposed on companies that offer legal Internet gambling. (It's called the Internet Gambling Regulation and Enforcement Act.)
Texas Rep. Ron Paul, a 2008 Republican presidential contender who topped CNET News.com's technology scorecard last year, said adults should be allowed to make up their own minds about whether to gamble. He said he was a strong supporter of Frank's bill "to restore the rights of Americans to decide for themselves whether to gamble online."
Now on News.com
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Gerald Kitchen, the chief executive of U.K.-based SecureTrading Group, said his company is a payment service provider that processes a wide variety of financial transactions, including ones related to online gambling. He said SecureTrading's system has been reviewed by banks including Barclays, Lloyds and the Royal Bank of Scotland, and provides protections against money laundering, underage gambling and compulsive gambling.
"There are ways to protect against these exact harms and ills that the opponents of Internet gambling regularly cite as reasons to prohibit Internet gambling," Kitchen said.
But it's too early to say whether the bill will receive a favorable committee vote. For one thing, the top Republican on the panel, Rep. Spencer Bachus from Alabama, offered an impassioned defense of criminalization.
"Some people claim that illegal Internet gambling's a victimless crime," Bachus said. In reality, he warned, it's a "mushrooming epidemic leaving in its wake suicides, crime, family tragedies."
Copyright ©1995-2007 CNET Networks, Inc. All rights reserved.
NJ_TOAD
18 years ago
t doesn't look good for now....but gonna keep it on watch...
Bill to legalize online gambling is off the table
Saturday, June 09, 2007
Sabrina Eaton
Plain Dealer Bureau
Washington- A bill that would legalize and regulate many forms of Internet gambling will be put on hold while its author, House Financial Services Committee Chairman Barney Frank, attempts to draw a better political hand.
"There are more votes for my position now than there were a year ago, but there aren't yet enough," Frank said after a hear ing at which Barberton minister Greg Hogan Sr. described how his son, Greg Jr., robbed a bank to pay Internet poker debts.
Frank, who believes the current ban on Internet gambling interferes with Americans' personal freedoms, says he won't push the bill through his committee until he thinks it could pass the full House of Representatives.
Financial experts at the hearing delivered conflicting reports on whether gambling Web sites can weed out patrons who are underage or live in states where gambling is illegal. Republican legislators who attended, including Steve LaTourette of Concord Township, expressed opposition to the bill.
Hogan, who lives in Hudson, listed his son's achievements, which included playing at Carnegie Hall piano recitals and being elected president of Lehigh University's sophomore class, before describing his descent into addiction and the Hogan family's futile efforts to stop it. Greg Jr. is now serving a 22-month prison sentence.
"Because Greg fell victim to Internet gambling's illusions of quick riches and a shortcut to his dreams, his dreams are in ashes today," Hogan told the committee. "Please refuse this bill, because if we open the door to any type of Internet gambling, we are allowing our college and high school students to play Russian roulette."
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Renee
6 years ago
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