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Solid Q1 Growth

Leisure and Gaming has released the company’s first quarter results – and they are positive all around with profit growth in every division of the company. This has been the trend with online casino gambling groups over the past year despite many of the hardships that are felt by so many other industries as a result of the economic recession. For L&G, the gambling group has varied interests within several key markets. The company does not just operate within the UK market as so many companies focus, but instead has operations in the Italian poker market as well as Greek facing gaming products.

The Q1 results report for the online casino gambling group indicated that net wins at L&G showed the most increase over the some quarter in 2008. The 2009 Q1 showed a 38 percent growth in net win, coming in at Euro 8.7 million. Similarly, the wagering amounts have also increased significantly over Q1 2008. Growth indicates that wagering is now at Euro 42.1 million – that is a 36 percent increase over the previous year. This growth can be attributed to the diversity of the company’s interests. Online casinos really have only two options – specialize and target a niche market, or off a broad range of products and target many key markets.

The online casino gambling group’s profits came in at 33 percent above the 2008 Q1 profits: Euro 2.8 million. L&G was wholly pleased with the company’s performance this quarter and anticipates that L&G will continue to report positive growth and profit figures for the rest of the year. The report also highlighted the fact that L&G plans to implement a more aggressive marketing strategy in the coming quarter – a move that will surely boost the company’s growth with the key markets.