|The Board of Gaming Corporation, which operates Casino.co.uk has announced the results of the Group for the six months ended 31st March 2004. With turnover increasing to £5.5 Million for the period ended 31st March 2004, compared to £3.65 Million for the same period last year. |
Current cash balances for the online portal were reported at £630,000 (£40,000 in 2003).
With more than 150,000 monthly visitors, the company said it will continue to invest in new products including multi-player poker and instant games all through 2004 and focus on growth through existing operations and strategic acquisitions.
‘We have seen continued revenue growth and a considerable improvement in the cash balances available to the Group. We have invested in our technical infrastructure and software applications, enhancing our scalability and putting us in a strong position to manage our future growth,’ said Jason Drummond the Chairman of Gaming Corp.
The London-based Company, however will not be declaring a dividend as it posted a group operating loss of £387,987 or 0.14 pence per share for the six months ended 31 March 2004.