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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..
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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