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Profitable Quarter Lends Hope

Leisure and Gaming was pleased to release a trading update for the quarter that indicates that the company is right on target with the management’s previous expectations for the quarter. The whole of the online casino gambling industry has been pretty positive over the past quarter as the recession concerns and problems are beginning to ease just a bit and gamblers feel like they are able to actually afford to gamble some of their discretionary income. L&G released a pretty thorough trade update that covers roughly two months starting in April. L&G operates within several sectors of the market from internet betting to online casinos and skill gaming products.

According to the new information released, L&G has churned out an impressive Euro $1 million in positive gross profits for the given period of time. Each of the individual divisions within the company performed quite well with sports and horse race betting really turning out some great profits and showing some growth as well. Online poker was also a pretty big winner throughout the period generating a pretty impressive 7.4 million in tourney fees.

Online casinos all over the world have been struggling over the past year because of the globally slumping economy. L&G though has really stood strong throughout the troubles and through effective management and a solid range of products the company has maintained a profitability that has boosted it’s London AIM trading shares and really kept L&G on the top-end of internet gaming sites weathering out the economic storm.