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The online casino gambling industry has proven difficult this past year for the Australian internet gambling company, Lasseters Corporation. Lasseters is one of the primary online gambling brands in the Australian market and the company’s full-year report (ended on June 30, 2008 and due out in the coming weeks) will undoubtedly indicate that Lasseters showed a more than A$6 million loss. The loss is due to a variety of both expected and unexpected expenses that cropped up as well as a decrease in the anticipated revenue from the company’s online casinos division.

As for the expected expenses that will contribute to the dismal full-year report that is due out soon is the fact that Lasseters has just launched a sportsbook operation. The report will include all of the start up costs for the online sportsbook operation which was not launched early enough in the year to generate the revenue necessary to cover the start up expenses.

The unexpected expenses that cropped up include some of the operations at the online casino site. According to the current reports Lasseters experienced a significant delay in the implementation of new games and that delay had a pretty hearty impact on the online casinos yearly revenue. Add to that the fact that Lasseters had one-off adjustments concerning deferred tax asset balances.

All of the elements combined meant that the online casino gambling company’s yearly revenues and profits came in negative and much below company and investor expectations. The official full year report is due out within the coming weeks and will further outline all of the precise details that led to the large year-end losses.