Facebook
Fark
Digg
Reddit
StumbleGaming operator’s profit falls
Thursday, March 27, 2003 | 9:37 a.m.
LONDON -- Shares of Sportingbet Plc fell as much as 28 percent after the Internet sports-betting company said "unfavorable" sports results hurt margins.
The company said it expects full-year operating profit of 14.5 million pounds ($22.9 million).
March had "a high number of results unfavorable to bookmakers, particularly U.S basketball and U.K horseracing," the company said in a Regulatory News Service statement.
The shares fell as much as 10 pence to 25.5p by 8:20 a.m. Sportingbet has a market value of 38.9 million pounds.
archive
Most Popular
- Viewed
- Discussed
- E-mailed
- Details on real estate agents’ roles in HOA fraud revealed
- Ga. woman battling flesh-eating bacteria speaks
- Celebrity preview: Kim Kardashian, Playboy Club, Miss USA, Glen Campbell, burlesque
- Beneath his stark ambition and polished public persona, Brian Sandoval is a nerd
- Tropfest celebrates 20 years of short films, big ideas at the Cosmopolitan
Everything Under the Sun
Blogs
The Kats Report
With Shenandoah project stalled, Newton hits back legally (3 Comments)
Las Vegas Philharmonic says search for new music director to begin 'immediately'
Where does a Playmate play when she turns 21? Vegas! (3 Comments)
Ice Ice Billy
The road to six-toed cats and Mayor Bubba
The Kats Report
David Itkin tells L.V. Philharmonic officials he's on his way out (14 Comments)
Diamond Dave sells it well as Van Halen pours out the power at MGM Grand (2 Comments)
Entering debut at Tryst, Nick Hissom is a model for a rapid rise to prominence (3 Comments)
- Locally owned and independent since 1950; Winner of the Pulitzer Prize for Public Service, best news website in the nation & DuPont Award for broadcast journalism
Facebook Connect