In a trading update recently released by Sportingbet Plc, the company has indicated that it expects positive underlying trends experienced in the first quarter have continued into the second quarter, as the group continued to trade well. Business thus far has been good, Sportingbet expects that trend to continue and announced that it expects to report an 11 per cent increase in amounts wagered for the six month period ended January 31st 2011.
The company is attributing these positive trends and optimistic results in part to strong performance in Australia and the emerging markets, which in effect, served to more than offset some weaknesses in areas like Greece, where difficult economic conditions persist.
Additionally, Sportingbet added that it’s Russian joint venture and the advancement of its mobile offering serve to increase the attractiveness of their product and strengthen the company’s geographical diversity. The group plans to continue to monitor regulatory developments closely and expects to take advantage of the opportunities available as markets regulate.