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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..
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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