Excellent full-year results and a maiden profit for Gaming Corp

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The gaming portal operator, owner of Gambling.com and Casino.co.uk, announced the results for the 12 months ended September 30, showing a 46 per cent increase in turnover up to £19m and a trebled profit up to £2.7m.

Gaming Corp reported a profit before tax of £0.7 million against a loss of £0.3million for the previous year.

“It has been an excellent year in which the Group has been transformed into a profitable operator in the fast growing interactive gaming sector,” said the company\’s Chief Executive, Justin Drummond.

During the year, Gaming Corp successfully acquired Gambling.com and Got2bet.com, and launched a number of innovative websites and products, including Findpoker.com, Skillgaming.co.uk and a mobile gaming service in partnership with Orange UK.

“The launch of the mobile gaming service with Orange UK was a milestone in the development of this division and we are in ongoing negotiations with a number of UK and European mobile networks with a view to replicating the success that we have had with Orange UK,” said Drummond.

Jason Drummond, Chairman of Gaming Corp, believes the group is well positioned to take advantage of the new opportunities generated by the emergence of new gaming products as well as by the introduction of new regulations.

“The convenience of being able to access gaming sites online and via new channels, including mobile phones, is greatly broadening the appeal to customers. Internet gaming is now an established and profitable global industry and the proposed UK Gambling Bill will legalise the operation of Internet gaming sites in the UK and transform the UK into the world\’s largest regulated internet gaming market.”

In separate news, Stanley Leisure issued a pre-close period trading update announcing that overall the group has performed in line with expectations in the first half. In particular, the international betting business performed well, while the casinos, which experienced a drop in attendance levels following July\’s terrorist attacks in London, have been busy in the first few weeks of the second half making the company confident that it will recover much of the business lost.