The Asia-Pacific online gambling company, owner of MegaSportsWorld sportsbook, reported pre-tax profits up 210% to $12.4 million in its preliminary results for 2007, on total revenues of $54.3 million, up 95% from $27.8 million last year.
Progress has continued into 2008. First quarter net profits of $3.5 million are up 10 fold against the same period last year.
In December 2007, AsianLogic raised $108 million on the junior AIM market to help fund acquisitions and is currently in the final stages of due diligence on three deals in Europe and Asia: a 25% stake in a European electronic gaming marketer, a cash and shares deal for a major Asian electronic gaming operator and a stake in a quoted Asian gaming company.
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