| | |  | Last Updated: Wednesday, February 27, 2008 |  | | | Gambling Group Reports Rise in Revenue
- Sunday, 9 Apr 2006
Empire Online, one of the largest gambling groups, has reported a 61% rise in its annual gambling revenues. Empire Online is now positive that a $37 million core profit is attainable. The gambling group is also reporting that her two online casinos are doing very well.
Noble Poker has maintained an average of 450 new registered players during the first four days of March, 2006, and Club Dice, the gambling group's other online casino, showed net revenue of $79,946 per day during the last quarter of 2005. At Noble Poker, the number of active players was 29,585 at the end of the fourth quarter of 2005, having increased 36 percent since the end of the third quarter.
"I believe that the cash reserves available to the company, along with the ability to use its equity give the company considerable flexibility in pursuing merger and acquisition activity over the remainder of the year," said Chief Executive Noam Lanir. "Our focus is to extend the range of the products that we can offer our customers, including a sports book," he added. Shares in Empire closed at 146 pence on Monday, valuing the group at around 427 million pounds. | |
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