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.
Disappointing set of figures for Cryptologic
Veteran online gambling software developer releases Q2/2010 numbers as CEO resigns
One of the industry's most respected and historically successful software developers, Cryptologic, has released another disappointing set of figures, at the same time announcing the resignation of chief executive officer Brian Hadfield.
The Q2/2010 report from the company notes: "After working with the Board on the restructuring plan, Brian Hadfield, Chief Executive Officer, has decided to leave the Company and resign as a Director. David Gavagan, the Chairman, assumes the role of CEO on an interim basis."
The statement goes on to detail the performance and restructuring ongoing at the software company, noting:
* Total revenues declined to $6.7 million (Q1 2010: $7.6 million) reflecting a change in accounting estimate relating to the amortization
of certain pre-paid royalties and continued difficult trading
* Hosted casino revenue at $5.8 million (Q1 2010: $5.8 million) Amortization of royalties and games now reported separately and no
longer charged against casino revenues
* Branded games revenue increased to $1.5 million (Q1 2010: $1.3 million)
* Poker and other revenues were down at $700 000 (Q1 2010: $1.3 million)
* Amortization of royalties and games increased to $1.2 million (Q1 2010: $700 000) as a result of a change in accounting estimate relating to the amortization of certain prepaid amounts
* Operating, general & administrative and amortization costs amounted to $12.9 million (Q1 2010: $11.0 million)
* Non-recurring costs of $7.3 million, comprising a non-cash impairment of intangible assets of $3.6 million, impairment of capital assets of $2.1 million and reorganization costs, including an additional provision of $1.7 million for the restructuring plan
* Net loss of $12.7 million (Q1 2010 Loss: $3.2 million)
* Net cash at June 30, 2010: $17.4 million (Q1 2010: $19.7 million)
The company's restructuring includes determined efforts to lower the cost base, reducing the workforce by Q4/2010 and other measures recommended by external consultants regarding Cryptologic's hosted casino business.
Management reports that the outlook remains challenging, but that the Board "...continues to pursue avenues to enhance the company's strategy in the interests of stakeholders."
"Q2 2010 results were disappointing as slow progress was made amid continued challenging trading conditions to turn round the Company's performance," the statement advises shareholders.
It adds that some of its licensees experienced a decline in contribution from higher margin slot games and some negative impact from the World Cup. Excluding the impact of the change in accounting estimate for prepaid royalties, revenues from both the hosted casino and branded games licensing business were up sequentially.
Revenue from fully hosted virtual casino rooms provided to online gaming brand operators was unchanged at $5.8 million in Q2 2010 (Q1 2010: $5.8 million), with a multi-year oline casino deal with Betsafe a highlight.
Branded casino games delivered further growth as operators continued the rollout. Revenues from this segment increased to $1.5 million in Q2 2010 (Q1 2010: $1.3 million), despite some licensee sites being impacted by lower wagering activity caused by the World Cup.
51 new branded games were launched in the quarter, taking the total number of games rolled out by licensees and generating revenues to date to 150, with a further backlog of approximately 41 games expected to go live in 2010.
Since June 30, three clients have been signed for CryptoLogic's new casino offering, Instant Click. They are Tain AB, SkillonNet and Nyx Interactive. This product is aimed at expanding the Company's addressable market and shortening the time required to implement these new games on customers' networks.
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
Gambling News :
IGT Continues Partnership with Coljuegos EICE -
IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.
Magic Spells SLot Launches -
The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.
Lightning Box Games in Deal With Everi Games -
Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.
Another Attempt to Acquire Tatts -
The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer
Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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.