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Ebet Limited this week projected a rise in net profit
Wednesday May 27,2015 : AUSSIE ONLINE GAMBLING GROUP EXPECTS HIGH PROFITS
Ebet guidance report estimates pre-tax profits will increase as much as sixty percent.
In a guidance statement outlining prospects for its financial year ending June 30 2015, the management of Aussie online sportsbetting company Ebet Limited this week projected a rise in net profit before tax (NPBT) of between 52 and 60 percent.
The company's CEO, Ken Carr, said that before tax profits are likely to be in the range A$5.5 million to A$5.8 million - a significant improvement on the comparative period in fiscal 2014 when NPBT reached A$3.6 million.
“Our growth momentum is underpinned by the strength of the business model, high and growing level of recurring revenue and an attractive pipeline of opportunities. Recurring revenues now constitute approximately 52 percent of total revenue,” Carr reported.
He said that following the A$4.8 million acquisition of gaming systems company Flexi-NET in July 2014, the company has started its product migration program.
Ebet expects to announce results for the 2015 financial year on or around August 27.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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