MORE JOY FOR G.I.G.

8 February 2008

Another record month's turnover for in-running software firm


In-running gambling software firm Global Interactive Gaming has announced record turnover of GBP 1.9 million for the month of January 2008, a 26 percent rise on the previous record of GBP 1.5 million achieved in October 2007 (see previous InfoPowa report).

GIG's parent group, Interactive Systems Worldwide, Inc. announced record monthly wagering volume from the operation of the SportXction system in the UK this week.

The numbers represent the largest monthly turnover yet recorded by GIG, and a 260 percent increase over the turnover in January 2007 of GBP 533 000.

Other significant milestones were reached in January. The hold (i.e. the total amount retained by the system after winning wagers are paid) for January surpassed pounds GBP 100 000 for the first time, reaching pounds GBP 131 000 or a hold percentage of 6.82 percent of the total amount wagered.

Over a million wagers have been accepted on the wagering markets managed by the integrated version of the SportXction System.

Company officials said they were greatly encouraged by the continued rise in business.

Online Casino News courtesy of InfoPowa