| Explanation:
Turnover, also called "Handle", is the sum of the amounts wagered
under the GIG's service agreements with business partners for its
"integrated" solution. Hold,
also called "Gross Win", is the amount retained by the business
partner after all winning wagers have been paid. All figures are
unaudited. In the
"integrated" solution, GIG's personnel use the SportXction software
to manage certain in-run betting opportunities on behalf of the business
partners, who then accept related wagers utilizing their own gaming
system. The figures above are not
directly indicative of GIG's revenue because the fees payable to GIG pursuant
to the agreements with its business partners may include a combination of
both a revenue share and a monthly minimum. The figures above do not include
other sources of revenue for GIG, or its parent company (ISWI), such as
license fees, software charges, etc.
Sports wagering is seasonal. Meaningful comparisons could only be made
between comparable periods (year-to-year), not consecutive periods. In addition, some major football (soccer)
events are not held annually, but are only held every 2 or 4 years. |