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Restructuring for Sustainability

Although Leisure & Gaming plc announced a slight decrease in the company’s internet gambling profits compared to the first quarter of 2007, the company also announced that the decline was expected and is not an indication that the Leisure & Gaming is experiencing any difficulties. Leisure & Gaming plc is an online casinos betting gambling group that recently completely restructured the company, its offerings and the company’s long-term expansion plans.

The specific first quarter results indicate that L&G reported a Euro 2.1 million in profits for the quarter compared to Euro $2.5 million in profits for the same period in 2007. But along with the announcement of a slight decrease from the previous year the online casinos gambling group announced that previous restructuring of betting shops and other interests within the Italian gambling market contributed to the slight decline in profits.

The CEO at L&G, Henry Birch noted that the company anticipated the changes and expects profits to boom once the Italian online casinos gambling and betting market is more settled. Birch comments, “…we believe that as and when the Italian regulator allows for gaming products such as casino, poker and bingo, this profitability will substantially increase.”

L&G is a unique European online casino and betting alternative because the company is prominent and focused in some of the less popular gambling markets such as Italy, Greece, Romania, and Cyprus. Birch notes, “Having restructured the operations of the company, we are confident that we can deliver sustainable profitability going forward.” L&G is currently focused on creating dynamic partnerships from this point onward that will increase the company’s sustainability.