No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
CENTREBET IN MAJOR MARKETING DRIVE
But Aussie company warns investors that net profit after tax could suffer
Centrebet, the online gambling group based in Alice Springs in Australia has notified the stock exchange of an ambitious plan to dramatically increase market share in Australia and elsewhere.
But the company cautioned that its plans to double market share may initially impact net profit after tax.
Centrebet wants to double its bookmaking market share by around 20 percent by full year 2015, and estimates that this could bring rewards of an increase in net profit after tax of 50 percent to A$32 million.
This goal is to be achieved through increased investment in marketing and new product development driving new customer acquisitions.
The marketing investment required will, the company warns, have a short term impact on group earnings with full year 2011 net profits after tax impacted by A$8 million, viewed against the current NPAT of A$16 million.
However, benefits are expected to flow from the marketing initiative as early as 2013, and dividends will be paid throughout.
Centrebet Chairman, Graham Kelly said: “The strategy follows a full review of the Australian wagering industry, as well as a detailed review of our own business. The Australian wagering market outlook is very favourable for corporate bookmakers, particularly top tier companies like Centrebet. While we will continue to explore appropriate value adding consolidation opportunities, the strategy announced today lays out our plan to realize Centrebet’s substantial opportunity to deliver shareholder value through organic growth.”
“Centrebet intends to pay dividends in FY11 and throughout the Plan. Given the short-term impact on net profit after tax as we invest for higher growth, the payout ratio will be increased compared to prior periods,” Mr Kelly said.
Centrebet Managing Director, Con Kafataris said: “The Strategic plan is aiming to provide a step change in growth and a significant and sustainable increase in earnings. Achievement of our objectives will create a business which has a much stronger market position, higher level of earnings and a growth profile even higher than it has today.
“The Company has a healthy surplus cash position and when combined with cash generation from existing operations, we can put the new growth plan into action whilst maintaining a conservative balance sheet,” Mr Kafataris said.
Centrebet’s plan is predicated on significantly increased brand marketing investment, a change in advertising spend and mix, and a step up in new product development in Australia. There will be a particular focus on new racing products, some of which are already in development. The company’s European operations will be focused cash generation in order to fund the Australian investment programme.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.