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Online EBITDA increased 7 percent, or $2.5 million, to $40.3 million over the previous year
The power of the online wagering sector was again illustrated this week when US horse racing giant Churchill Downs posted its record Q4 and FY results for 2012.
Highlights of the Q4 report included:
* TwinSpires and Luckity online brands delivered one quarter of group net revenues.
* Q4-2012 produced record overall revenues that reached $158.5 million, a 6 percent increase over Q4-2011, with online providing a notable boost.
* EBITDA of $17.6 million, second highest all-time fourth-quarter EBITDA and surpassed only by last year's Q4 record of $19.6 million
* Riverwalk acquisition helped to drive an 18 percent increase in Gaming EBITDA
For the full year 2012:
* Record net revenues of $732.4 million, up 5 percent over 2011
* EBITDA of $151.5 million, driven by Online and Gaming growth
* Online handle increased nearly 11 percent, and continues to outpace the industry
* Online EBITDA increased 7 percent, or $2.5 million, to $40.3 million over the previous year, reflecting a 10.9 percent increase in pari-mutuel handle driven by organic growth in customers and average daily wagering..
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Gambling News :
Local Florida Poker Pros Scam Marc Klang For $500k -
Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.
Super Multitimes Progressive HD Slot -
This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
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