AsianLogic Limited updates its preliminary results
The company takes this opportunity to update on current trading. In the period commencing 1 January 2008 to 10 March 2008, average daily casino turnover increased from us$ 8.6 million to us$ 10.8 million, an increase of 23.7 per cent compared to the previous quarter’s average.
Net gaming per day has increased from us$ 212,000 to us$ 240,000, a rise of 13 per cent. The company expects this to increase further by the end of the first quarter of 2008. Poker fees continue to grow quickly, with average daily rake and tournament fees
combined showing monthly growth of 20.8 per cent, equating to 82 per cent higher
than that recorded in the fourth quarter of 2007.
The company has launched three new gaming sites so far in 2008, with a further one to be released prior to the end of the March quarter. A further five are scheduled for launch in the second quarter of 2008. The Board of AsianLogic is pleased with the company’s progress as a public company and is confident of continued growth throughout 2008.
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