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Bad Quarter for Boss Media
The third quarter for the online casino software provider Boss Media has not
been a good one. They have reportedly taken a decline in operating profit of
almost 35% to just over 11 million from just over 17 million.
Unfortunately the nine month report was not much better. The numbers have fallen
by 8%. The net profit for the nine months was 35.2 million as compared to last
year at the same time at 57.1 million.
Boss Media has reported that the market for online gambling has experienced a
moderate growth within many segments during the third quarter. Increased
internet penetration has continued to have a good long term effect on the growth
in several of the markets. The poker segments looks to be good for growth to go
on, but maybe in a slower rate that in the years past.
The growth in sales in the last quarter has continued to be a little bit of a
let down and efforts to increase these sales have been put into place. This
company has initiated work on changing and making the sales stronger, they also
know that new and updating products is expected to have a good impact on the new
quarter coming up. They are hopeful that these new changes are going to make a
positive impact on their numbers.
Basically Boss media has not been losing players, but they have just made a
conversion to Euros from US Dollars and this is going to have an impact on the
numbers because of the number of players not being allowed to play online
anymore.
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