Online Companies Overhaul Accounting

14 Jul 2006

UNITED KINGDOM – As reported by the UK Financial Director: "The most powerful companies in the online gambling industry have agreed to undertake a collective overhaul of their company reporting in a move aimed at standardising the sector's disparate accounting.

"At a special summit held in Gibraltar last week, PartyGaming, 888 Holdings, Ladbrokes, Sportingbet, CryptoLogic and Carmen Media Group agreed to implement a universal set of key performance indicators (KPIs) that will provide comparable reports in the sector.

"The largest groups will now disclose their cost per player acquisition, real money sign-up takings, unique active players and yield per unique active player.

"Analysts said the move from the leading internet gambling companies marked a huge stride forward for the industry.

"…The host of the KPI summit, Martin Weigold, the group finance director of PartyGaming, said that the agreement would enhance 'understanding of the industry'…."

Language: Any Language Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Online Companies Overhaul Accounting 14 Jul 2006 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> UNITED KINGDOM – As reported by the UK Financial Director: "The most powerful companies in the online gambling industry have agreed to undertake a collective overhaul of their company reporting in a move aimed at standardising the sector's disparate accounting. "At a special summit held in Gibraltar last week, PartyGaming, 888 Holdings, Ladbrokes, Sportingbet, CryptoLogic and Carmen Media Group agreed to implement a universal set of key performance indicators (KPIs) that will provide comparable reports in the sector. "The largest groups will now disclose their cost per player acquisition, real money sign-up takings, unique active players and yield per unique active player. "Analysts said the move from the leading internet gambling companies marked a huge stride forward for the industry. "…The host of the KPI summit, Martin Weigold, the group finance director of PartyGaming, said that the agreement would enhance 'understanding of the industry'…."