AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 Mayfair 230, Downey 289 Ashley Johnson (37), Emily Logan (39), Maddie Fletcher (41) and Kristin Osterhout (44) took the top four positions in the Monsoons’ win in nonleague competition at the Lakewood Country Club. Crystal Naranan (50) of Vikings tied for fifth with a teammate. Mayfair (2-0) faces Cerritos at La Mirada Golf Course at 2:30 p.m. on Monday. WATER POLO 14, Garden Grove 7 Senior attacker Jacob Schuster scored four goals and senior utility player Justin Palmer added three and three other players scored two goals apiece as the Lancers (5-2) won in nonleague play. Cerritos 17, Flintridge Prep 10 Attacker Chris Kim scored five goals, and 2-meter offensive players Dan Biag and John Chao each added three as the Dons improved to 5-1 in nonleague competition. Cerritos plays host to Los Amigos at 3 p.m. today. Alemany 16, St. John Bosco 10 Senior attacker Adam O’Connor tallied five goals, and senior utility Scott Bender and senior attacker David Hawkins each scored twice, but the Braves (0-3) still fell in nonleague competition. St. John Bosco plays host to Aliso Niguel at 4 p.m. today. VOLLEYBALL Pedro 3, Venice 0 Junior outside hitter Samantha Taylor had 18 assists and six aces, and junior outside hitter Natalie Benitez recorded six kills, six aces and two blocks as the Pirates prevailed, 25-7, 25-19, 25-11, in nonleague action. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Last year, Patty Chawalitmetha, Noelle Zavaleta, Brianna Do and Kimberly Punyasavatsut led the Wilson High girls golf team to the CIF Southern Section Eastern Regional title, a runner-up finish at CIF championships, and third-place showing at the Women’s Southern California Association State championships. On Wednesday over 9 holes at Recreation Park, the Bruins displayed the kind of performance that took them into last year’s playoffs by scoring a 195-238 victory against Los Alamitos in nonleague competition. Chawalitmetha shot a 2-under-par 36, and Zavaleta and Do each shot even-par 38s to lead the defending Moore League champs. Punyasavatsut, who finished third in the individual standings at WSCGA state championships a year ago, shot a 1-over-par 39 to help Wilson sweep the top four spots to bring its record to 3-0. The Griffins dropped to 2-1. Wilson takes on Lakewood in their league opener at Skylinks today.
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Newgioco cuts first half loss despite revenue decline Online gaming operator and supplier Newgioco Group has reported an 18.5% year-on-year decline in revenue for the first half of 2020, though reduced operating costs saw the business halve its net loss for the period.Turnover for the six months to 30 June fell 11.1% to $210.0m, with a 4.0% rise in online turnover to $182.2m wiped out by a 54.4% drop in retail’s contribution. This period saw Newgioco’s 150 betting shops in its core Italian market closed from 8 March to 4 May as a result of the novel coronavirus (Covid-19) pandemic, and major sporting events cancelled or suspended.It was not until 19 June that all land-based betting shops and kiosks were all back in operation.After payouts of $192.5m, Newgioco’s gross gaming revenue was down 14.6% at $17.6m. Once Italian gaming taxes of $2.6m were paid, and platform revenue of $24,797 (down 85.7%) factored in, Newgioco’s revenue for the first half came to $15.0m, down 18.5% year-on-year.The retail shut-down and suspension of sports did result in a decline in operating costs for the period, which fell 21.5% to $15.9m, resulting in a reduced operating loss of $896,472.However, other costs were significantly reduced, falling from $2.6m in H1 2019 to $881,377. This was down to a $722,500 gain on marketable securities, while interest expenses declined to $173,073 and debt amortisation charges fell 64.3% to $737,074.This resulted in a $1.8m loss before tax, which after income taxes of $590,097 resulted in a net loss of $2.4m, down 51.6%. Once a $93,514 foreign exchange loss was factored in, Newgioco’s comprehensive loss for the half was reduced 50.3% to $2.5m.This followed a second quarter in which revenue was down 47.2% to $4.8m. Turnover for the three months to 30 June only decreased marginally, however, falling 5.2% to $94.1m as growth in online stakes offset retail wagering falling to $4.2m.Costs and expenses declined 29.0% to $6.8m, resulting in an operating loss of $2.0m, up significantly from a $523,703 loss in the prior year. Once again, other expenses fell significantly due to reduced interest expenses, lower debt amortisation charges and a gain on marketable securities.But with revenue for the quarter falling, this still translated to higher losses. Loss before income taxes widened to $2.5m. After $62,059 in income taxes, Newgioco’s net loss grew 42.0% to $2.5m, which after a $18,516 gain from foreign currency translations, resulted in a comprehensive loss of $2.5m for the period, up 46.7%. Subscribe to the iGaming newsletter Regions: Europe Southern Europe Italy Online gaming operator and supplier Newgioco Group has reported an 18.5% year-on-year decline in revenue for the first half of 2020, though reduced operating costs saw the business halve its net loss for the period. 20th August 2020 | By contenteditor Tags: Mobile Online Gambling Finance Email Address Topics: Finance Sports betting Tech & innovation