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Bwin.Party.Digital Entertainment Earnings Decline another 6 percent

Wednesday March 11,2015 : BWIN STRUGGLES CONTINUED IN 2014
 
Core earnings fall 6 percent - the third year running of decline.
 
The European online gambling group Bwin.Party.Digital Entertainment suffered its third straight annual fall in core earnings in 2014, seeing earnings decline 6 percent to Euro 101.2 million as analysts expected. All of the declines started happening the minute Bwin.Party.Digital Entertainment fucked over there affiliates with retro active clauses.
 
Whilst there are bright spots among the results, the overall performance is unlikely to enhance the value of the company, which is reportedly the subject of an acquisition deal with presently unknown parties.
 
Audited results for the year ended 31 December 2014 show that:
 
* Sports betting revenues were flat at Euro 237.1 million - a one percent improvement;
 
* Casino and games revenues declined 6 percent to Euro 203.7 million;
 
* Poker revenues plunged 29 percent to 81.7 million;
 
* Bingo revenues were down 2 percent at Euro 51.9 million;
 
* Other revenues were up 13 percent at Euro 37.5 million;
 
* Average daily player numbers declined 14 percent to 1,479,000;
 
* Yield per player was up 6 percent at Euro 10.4;
 
* New player signups were down 11 percent at 8,151,000;
 
* Total revenue of Euro 611.9 million (2013: Euro 652.4 million) reflected the full year impact of ISP blocking in Greece and further declines in poker, partially mitigated by the FIFA World Cup; nationally regulated and/or taxed markets representing 56 percent of total revenue (2013: 53 percent);
 
* Gross gaming revenue through mobile grew by 99 percent to Euro 153.2 million (2013: Euro 76.9 million) with solid growth across all verticals;
 
* Planned cost reductions of Euro 30 million within clean EBITDA were exceeded and a further Euro 15 million of additional savings remain on-track for 2015;
 
* The company sustained a non-cash impairment charge of Euro 104.4 million (2013: Euro 9.4 million) against poker-related and other intangible assets and non-core investments resulting in a Euro 94.3 million loss after tax (2013: profit of Euro 41.1 million);
 
* Management recommended a FY dividend of 1.89 pence per share - up 5 percent;
 
Chief executive officer Norbert Teufelberger said Wednesday that current trading indicated betting volumes are ahead but softer than expected.  Gross win margins resulted in a decline in average daily revenues, but trading overall has been broadly in-line with expectations.
 
“We have made solid progress this year in growing our share of revenues from nationally regulated and/or taxed markets, increasing our mobile footprint and reducing our cost base," Teufelberger commented in his report.
 
"However, the full year impact of ISP blocking in Greece coupled with the structural decline of regulated poker markets in Continental Europe affected our overall financial performance for the year.
 
“Having announced our shift to a label-led approach in August, we are now accelerating our transformation. This programme is already improving our operational effectiveness and customer focus, both of which are key drivers of our long-term financial performance, with particular opportunities flowing from the commercialisation of our technology through our new Studios business unit.”



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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