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.
COST SAVING AND MANAGEMENT CHANGES IN CRYPTOLOGIC'S Q 3
Restructuring cuts costs at veteran online gambling software provider
Restructuring and cost cutting appear to have dominated thinking at veteran internet gambling software provider Cryptologic as it announced its third quarter results this week, including an update on its expanded restructuring programme announced on August 12, 2010
Highlights of the restructuring included:
* Following the management changes announced on August 12, further restructuring measures were taken to reduce costs aggressively.
* Total expenses declined to $9.9 million (Q2 2010: $20.2 million, including $7.3 million of non- recurring charges)
* Operating expenses decreased by 20 percent compared with Q2, reflecting the initial impact of restructuring actions taken during Q3
* New operational management team appointed to lead hosted casino business
* The firm completed the consolidation of Cyprus operations into Malta, and operations on the former ceased.
Management changes at the company included Huw Spiers becoming Group Head of Operations and Chief Financial Officer, and Ian Price becoming Group Head of Business Development.
Third quarter numbers are:
* Total revenue was down at $6.1 million (Q2 2010: $6.7 million)
* Hosted casino revenue also dropped slightly to $5.6 million (Q2 2010: $5.8 million)
* Branded games revenue showed the same downward trend at $1.4 million (Q2 2010: $1.5 million)
* Net loss of $3.7 million (Q2 2010 Loss: $12.7 million, including $7.3 million of non-recurring charges)
* Net cash at September 30, 2010: $12.3 million (June 30, 2010: $17.4 million) partly reflecting the cash impact of one-time restructuring costs amounting to $3.5 million.
The new management predicts that the full impact of additional measures taken during Q3 to reduce costs, which included staff cuts, will have taken effect by the end of the fourth quarter, resulting in a further decrease in Cryptologic's total recurring cost base. Efficiency improvements and cost-cutting will continue.
Total expenses decreased to $9.9 million (Q2 2010: $20.2 million, including $7.3 million of non-recurring charges), while operating expenses were down by 20 percent sequentially to $7.6 million.
During the quarter, CryptoLogic's fully hosted casino was launched by Betsafe.com.
Revenues from branded games decreased to $1.4 million in Q3 2010 (Q2 2010: $1.5 million), due to a decline in revenue contribution from a key licensee. 13 new branded games went live in the quarter, taking the total number of games rolled out by licensees and generating revenues to date to 156 from 143 at the end of Q2.
Poker and other revenue amounted to $500 000 ($600 000).
Net cash as at September 30 amounted to $12.3 million (June 30 2010: $ 17.4 million) which consisted of cash and cash equivalents and security deposits. The decrease in net cash during Q3 2010 of approximately $5.1 million was attributed to the cash impact of operating losses of $2.8 million, a decrease in accounts payable and accrued liabilities of $1.8 million, comprising $3.5 million paid in respect of reorganization costs, partially offset by increased jackpot provision and timing of trade payable payments, a decrease in income taxes payable of $0.1 million, a $0.5 million increase in accounts receivable and purchase of capital assets of $0.2 million.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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.