1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Dismiss Notice
  3. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

Lasseters in trouble

Discussion in 'Casino Industry Discussion' started by jetset, Nov 8, 2006.

    Nov 8, 2006
  1. jetset

    jetset Ueber Meister CAG

    Senior Partner, InfoPowa News Service

    Lasseters cuts staff after law changes

    Australian online gaming operator Lasseters Corporation Ltd is effectively reducing its staff by more than half.

    In a statement to the Australian Stock Exchange, Lasseters said the board had undertaken a review of its operations and strategies following the passing of the Unlawful Internet Gambling Enforcement Act in the United States on October 13.

    "Redundancies have been offered effectively reducing our staff from 40 to 19," the company said. "Our customer care operations in Brisbane have been closed and integrated into our 24/7 MIS Operations facility in Alice Springs."

    Lasseters said the loss of 70 percent of the company's global revenues, startup costs associated with the sportsbook and redundancy costs will cause a loss before interest, tax, depreciation and amortisation of about $1.5 million for the year ending June 30, 2007.

    "Impairment testing of the intangible assets may further impact the loss in the financial year," the operator said.

    Lasseters, which holds its annual general meeting this week, said its board would continue to review the operations and strategies of the business.

    Last month the company said the Unlawful Internet Gambling Enforcement Act signed by US President George W Bush would eliminate around half of the world's estimated $US10 billion online gaming industry.
    1 person likes this.

Share This Page