An expected loss of A$6.36 for 2008's first half by an Australian Internet gambling company

Investors received dismal news from Lasseters Corporation, the Australian veteran Internet casino operator, for declaring in an update on trading that it anticipates an A$6.36 million loss when on August 29th the June 30 2008 end of year report presents its results.

The results present, according to the noted updated, the costs for the entire year of operations start-up business costs of Lasseters Sportsbook, which also comprise costs of substituting United States Internet income with Asian and European business, and diminished income from the firm’s Internet casino procedures as a result of, according to them, procrastination in new games’ application.

Orbis Openbet software is responsible for powering Lasseters.

Significant one-time adjustments are also referred to in the statement, for the writing off of the non-detailed recorded postponed balances of tax assets, and the damage of Internet casino gaming licenses connected to the costs of the development of pertinent products.

Lasseters Corporation, listed on the Australian Bourse as a public company and is regulated by the Australian Northern Territory Government, is the only mother company for the subsidiary, Lasseters Online. Lasseters Hotel Casino, which is a gambling location operating since 1981, and located in central Australia, houses the gaming servers.

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