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Gambling News by Gambling Headquarters

Tuesday, May 23, 2006

Experts Define Key Performance Indicators for the iGaming Industry

 

Ten prominent iGaming operators will be invited to participate in the 2006 KPI Summit at the London Stock Exchange on Friday 30th June. The aim of the summit is to define the Key Performance Indicators (KPIs) for the gaming sector, with key members of the media and city analysts also in attendance. The Summit will be chaired by Baker Tilly, Canaccord Adams and Berwin Leighton Paisner, who bring their accounting, finance and legal expertise to listed iGaming firms and those wishing to go to market. Industry experts will listen to a debate between operators and then reach a singular definition of the KPIs, following discussions on turnover, customer lifetime, lifetime customer value and active players. Other KPIs will be defined by our sponsors in a pre-summit meeting to be held on Monday 12th June.

Following the summit, the definitions of the KPIs will be published in industry journals and made available to firms of accountants along with listed iGaming industry companies who wish to use them in their public accounts.

Neil Johnson, Managing Director and Head of Corporate Finance of Canaccord Adams, commented: "With the maturation and market acceptance of this growing industry, we feel the time is right for the leading participants and the thought leaders of the iGaming industry to agree on the metrics that define their performance. By standardising the KPI's for the industy, public investors will be better able to make investment decisions."

Publicly listed firms who prepare their accountants in accordance to the definitions derived will be invited to indicate that their financial reporting is performed in accordance to Agreed definitions of the 2006 KPI Summit.

About Canaccord Adams

Canaccord Adams is a leading independent financial services firm committed to fostering the entrepreneurial economy by bringing corporate and institutional clients unique perspective on global investment opportunities.

About Baker Tilly Baker Tilly is a leading independent firm of chartered accountants and business advisers that specialises in providing an integrated range of services.

About Berwin Leighton Paisner

Berwin Leighton Paisner is a premier City law firm with offices in London and Brussels.

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