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Fluxx is no Longer in a State of Flux

The 2008 financial year just might herald the return of the online casino sportsbetting group showing positive year-end revenues and profits. Fluxx operates sportsbetting services for the German gaming market – a tough area of the European online gambling industry because of protectionist legislation in the country. The first quarter results for the company indicate that operating in the red might just be a thing of the past for Fluxx as it moves further into 2008. The online casino sportsbetting company reported both a doubling of the company’s revenue, increases in company earnings, and an increase in the companies pre EBITDA earnings.

These results certainly bode well for the company’s long term stability; now that some of the Fluxx’s major products are performing well, there is every indication that the company will remain profitable. The only foreseeable fly in the ointment for the sportsbetting company is the fact that Germany has passed new legislation that limits the ability of online casinos to register new players in the German gambling market. This means that the company is largely dependent on the current registered online bettors to keep the revenue steady.

To that end, European online casino sportsbetting companies are all gearing up for this month’s European Championship game. This highly anticipated event will certainly encourage healthy betting at Fluxx throughout the second quarter of 2008, almost guaranteeing that the online gambling company will also report positive Q2 earnings and revenues. A further ruling on the controversial German gambling ban could mean a reopening of the German gambling market if the Supreme Court strikes down the protectionist legislation.