BBC NEWS Sportingbet has reported quarterly losses of £241.4m ($470.6m), after selling its US business for £1.
The online gambling firm took a charge of £252m on exiting the US in October, shortly before new laws outlawing internet gaming came into force there.
But it saw gross profit from its other gambling operations rise 48% to £31.7m, in the three months to 31 October.
Sportingbet slammed the UK government for its “lack of support” for the online gaming industry.
It accused Britain of doing little to support the industry ahead of the US legislation, and said it had made “little real progress” in defining a “regulatory and fiscal framework” that would encourage online gaming firms to base themselves in the UK.
Sportingbet said it was looking forward to a “harmonisation” of gaming rules across the European Union.
The exceptional charge taken by Sportingbet included a £132.7m write-down of investments, a £106.3m “loss on disposal of investment” and a restructuring charge of £13.4m.
It said the sale of its US operation had enabled it to transfer over 450 employees, without incurring severance and closure costs.
Oryx Gaming has unveiled its complete turnkey solution online to Croatian land-based provider, Senator. According to the deal, the Croatian company will have access to the Oryx Hub, Oryx RGS, and various third-party casino content.
EGT Digital is pleased to announce a collaboration with Lithuanian brand, MrSlotty. The Bulgarian company, EGT, will have the opportunity to deliver to its customers the latest gaming content from the provider. Also, they will profit from the advanced platform and third-party content from the Lithuanian operator. By accumulating a wide range of third-party games, EGT will be able to deliver its premium content to providers around the globe.
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A Bit About Lucky Tiger
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