Media and online gaming company Media Corporation plc presented its third quarter trading update this week.
The company reported good growth in revenues from its media division, Eyeconomy but declining results from its online gaming arm, Purple Lounge in its third fiscal quarter.
Q3 2011 Key Performance Indicators include:
- Group Revenues of GBP 11.4 million (Q3/2010: GBP [...]

Entering the competitive UK sports betting market this week is a new company co-owned by Cheshire businessman Paul Antrobus, his son Steven and gambling experts Leon Hosking and Chris Calderwood.
Branded ApolloBet, the site is powered by the Isle of Man regulated JenningsBet and claims membership of the Association of British Bookmakers.
Pro snooker player Andrew [...]

As reported by Bloomberg: “Wynn Resorts Ltd. sold $500 million of bonds, 43 percent more than planned, as the casino company founded by billionaire Stephen Wynn bids to run New York City’s first slot-machine contract.
“The 7.875 percent, first-mortgage notes due in 2017 priced at a discount to yield 8.25 percent, or 504 basis points more [...]

Nevada recorded its 20th straight decline in statewide gaming revenues during August, confirming casino insider predictions of a dismal summer month.
Casinos collected $847 million from gamblers during the month, a 9.3 percent decline compared with $934.1 million won in August 2008, according to numbers reported by the Gaming Control Board Thursday morning.
On the Strip, gaming [...]

Marvel comics super heroes are becoming increasingly familiar in the online gambling industry following deals with the Marvel franchisers that have seen popular characters depicted in slot games, but the $4 billion acquisition of the firm by the Disney organisation in August raises some interesting questions regarding these licensing contracts.
Disney has traditionally been careful to [...]