The Mobile Gaming Index for 23 March 2011 was £6.90.
This is an average stock price of public companies in the mobile gaming sector. The price is weighted by shares outstanding, and by an estimated mobile revenue ratio.
Juniper Research forecasts the mobile gambling industry to grow to $48 billion by 2015.
Eight index stocks fell, and 7 gained today.
CryptoLogic Limited (CRP:LSE) soared 20%, as the additional restructuring, announced in August 2010 following management changes, completed in the fourth quarter had reduced net losses to $0.8 million from $12.7 million in Q2 2010, the last full quarter before additional
restructuring measures. Cash burn declined to $1.2 million from $2.3 million in Q2 2010.
Total expenses dropped by 69% to $6.3 million (Q2 2010: $20.2 million). Operating expenses decreased by 47% to $5.1 million (Q2 2010: $9.5 million). General and administrative expenses decreased by 59% to $1.1 million (Q2 2010: $2.6 million).
CryptoLogic also signed a licensee deal with bwin with two games already live. This brings the portfolio of CryptoLogic games to 170 branded games now live (compared to 66 in 2009).
The biggest loss, was Chartwell Technology Inc (CWH:TSX), down 2.86%.
Canada's Chartwell Technology Inc (CWH:TSX) has reported total revenues of CAD$2.2m for the first quarter ended January 31st, a decline of 37 per cent versus the same period last year, with total expenses now accounting for more than 170 per cent of revenues.
Declines also included International Game Technology (IGT:NYSE), down 1.75%. IGT is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets. IGT announced today the release of Jacks or Better video poker for Smartphone devices. A successful online IGT title, Jacks or Better video poker has been ported to the iPad®, iPhone®, iPod® Touch and Android™ devices.
Alex Kelly, vice president Interactive, IGT, said, “Jacks or Better video poker is an innovative product which will add significant value to an operator’s mobile portfolio. The advances in Smartphone technology have allowed us to demonstrate our company strengths and
build on an online title which has been a firm favourite to create a mobile version that is instantly recognisable to players.”
Symbol Price (GBP default)
---------------------------
IGT $USD15.69
AYA.V $CAD2.8
PTEC.L 326
BET.L 920
888.L 40.5
CRP.L 90
PBTY.L 58
BW9.F 25.19
JH1.F 4.175
NPT.L 8.1
PAP.L 29.51
PRTY.L 180.1
SPO.L 39
SBT.L 50
WMH.L 178.3
BETM.OB $USD0.42
LAD.L 128
CWH.TO $CAD0.68
