Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Success is Not an Anomaly

Online casino gambling sites and even the internet gambling software providers have reported that their half-year results for the beginning of 2008 are better than many in the industry suspected. Second quarter reports were expected to take a plunge thanks to summer being a traditionally slow period for the online casinos as well as the fact that the Euro 2008 Championship took place. Numerous internet gambling companies have already released H1 reports indicated high profits and predictions for an equally profitable H2. Entraction was the latest online gambling company to announce huge profit margins for H1 of 2008.

Entraction was formerly known as 24hPoker until a rebranding effort took place and the Swedish online casino gambling and betting company really began to overcome the hurdles and losses from H1 2007. Entraction reported that online casino revenues came in at SEK 26.3 – this is a huge gain of 285 percent over H1 2007 results. Across the board it seems the company is performing well – net sales are also up significantly from H1 2007 as well as the company’s operating margin.

The rise in operating margin was actually also quite lucrative and notable for the online casino gambling company. The 2007 H1 report indicates that came in at -11.3 percent. This quarter the margin is well into the positive and came in at 10.5 percent.

The company’s poker and online casinos network is extensive and it seems as though Entraction is well positioned to continue performing well as the European and international internet gambling industry continues to grow.