14 March 2008
AsianLogic Limited
("AsianLogic" or the "Company")
Notice of Results
Interim Trading Update
AsianLogic Limited (AIM: ALOG), the Asia-Pacific online and land-based gaming company, will be announcing its preliminary results for the year ended 31 December 2007 on Friday 11 April 2008. An investor and analyst conference call will be held on the day and details will be announced prior to the results date.
The Company takes this opportunity to update on current trading. In the period commencing 1 January 2008 to 10 March 2008, average daily casino turnover increased from US$8.6 million to US$10.8 million, an increase of 23.7 per cent compared to the previous quarter's average.
Net gaming per day* has increased from US$212,000 to US$240,000, a rise of 13 per cent. The Company expects this to increase further by the end of the first quarter of 2008.
Poker fees continue to grow quickly, with average daily rake and tournament fees combined showing monthly growth of 20.8 per cent, equating to 82 per cent higher than that recorded in the fourth quarter of 2007.
The Company has launched three new gaming sites so far in 2008, with a further one to be released prior to the end of the March quarter. A further five are scheduled for launch in the second quarter of 2008.
The Board of AsianLogic is pleased with the Company's progress as a public company and is confident of continued growth throughout 2008.
* Net gaming per day is defined as player bets (turnover) less player wins i.e. gross profit pre software royalties, affiliate payments, gaming tax and payment processing expenses
ends
For further information contact:
Tom Hall, Executive Vice Chairman
AsianLogic
+852 9037 3749
Tim Mickley
Collins Stewart
+44 207 523 8350
David Rydell/Chris Hamilton/Helen Tarbet
Bell Pottinger Corporate & Financial
+44 207 861 3232
NOTES TO EDITORS
AsianLogic is a leading online and land-based gaming company focusing on the Asia-Pacific markets. The Company owns and operates eight online casino brands and two online poker rooms as well as land-based sportsbook operations through its MegaSportsWorld brand. It is a specialist in Asia-specific games such as Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker.
The Company also maintains a corporate advisory team specialising in the gaming sector which is an active investor in gaming-related businesses as well as providing consultancy and analytical services. AsianLogic enjoys strong commercial relationships with leading gaming providers including Playtech, ID Games and LVS. Founded as ESL in 2002, AsianLogic employs over 300 employees, the majority of whom are based in the Philippines.
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