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Hier der zweite teil: MYC - ASX Company Announcement THIS IS A PRIORITY ITEM 12 September 2000 Part 1/5 -------- MY CASINO LIMITED ----------------- HOMEX - Perth ------------------------- Half Yearly Report MY CASINO SHAREHOLDERS WIN WITH FREE BONUS OPTION ISSUE AS THE COMPANY ANNOUNCES HALF YEARLY RESULTS Today, online gaming company, My Casino Limited (MYC) announced half- yearly results and a shareholder option issue, which will entitle shareholders to one free option for every ten My Casino shares held. My Casino managing director Gordon McIntosh said: "Releasing the half yearly results seemed like an appropriate time to reward shareholder faith with an option issue." "The results shlts show that My Casino is in a robust cash position with more than AUD$5 million cash in hand as well as maintaining a number of key strengths over competitors." My Casino strengths include a strong management team, licenses granted for 10 years and 10 year renewal, highly competitive gaming tax rate and low operating costs. Mr McIntosh said: "My Casino is confidently moving forward, pursuing new markets and consolidating existing ones. There is a strong market demand for our products and now with the new software upgrades, introduction of extensive security measures and the expertise of the management team, My Casino is well placed to achieve the desired long term results for shareholders." The following is summary of the company`s half yearly results: * My Casino reported turnovers totalling AUD$108 million in the first three months of full scale gaming operations, breaking down into AUD$22 million in May, followed by AUD$36 million in June and in excess of AUD$50 million in July. * These high levels of play generated a revenue of AUD$1.4 million in May and June. * The company reported an operating loss before abnormals tax of AUD$1.1 million. * The company maintains its strong cash position with immediate cash in hand with in excess of AUD$5 million. * In July 2000, My Casino and Barclays Bank initiated an extensive upgrade of the credit card transaction procedures after substantial growth and high turnover extended the systems that were in place, which were initially based on a lower turnover growth model. * On the 6 September 2000, My Casino announced that the credit card transaction system had been successfully reinstated following an extensive upgrade incorporating a number of security measures, aimed at negating the use of fraud accounts. * The reinstatement of the new highly secure credit card facility is expected to show encouraging upturn in volumes of business contributing to My Casino`s operational growth as the company continues to pursue expansion within existing and new Asian markets. In particular the responses from new Far Eastern Asian markets have been favourable indicating that company plans to develop business in these areas will maximise high turnover volumes. FOR FURTHER INFORMATION PLEASE CONTACT: Karen Latter, Senior Consultant - The Capital Group, Ph: (08) 9381 1877 Gordon McIntosh, Managing Director - My Casino, Ph: (08) 9481 1525 MORE TO FOLLOW |
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| aus der Diskussion: | Geprüfter Halbjahresbericht Mycasino limited asx announcement |
| Autor (Datum des Eintrages): | Sharewisdom (12.09.00 02:29:11) |
| Beitrag: | 2 von 4 (ID:1802611) |
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