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.
Fortuna Entertainment Group posted a 17 percent drop in EBITDA
Wednesday May 7,2014 : UNFAVOURABLE SPORTS BETTING RESULTS IMPACT FORTUNA ENTERTAINMENT
Central European company posts a 17 percent drop in earnings, but online operations perform well.
Czech betting company Fortuna Entertainment Group posted a 17 percent drop in EBITDA in the first quarter due to unfavourable sporting results in January, the Central European fixed-odds betting operator revealed this week in posting its unaudited consolidated results for the first quarter of 2014.
EBITDA fell to Euro 9.4 million ($13.10 million) from Euro 11.3 million a year earlier and below the average estimate of analysts.
Highlights of the report included:
* Total Amounts Staked in Q1 2014 increased by 17.5 percent to Euro 165.9 million
* Total Gross Win in Q1 2014 was up by 1.8 percent to Euro 34.1 million
* Online Sports Betting Gross Win in Q1 2014 increased by 19.2 percent to Euro 16.2 million
“In the first quarter of 2014, the company continued in a strong growth of amounts staked and we accepted Euro 165.9 million of bets, which is 17.5 percent more than last year," said Radim Haluza, chief executive of the group.
"Amounts staked grew by double digits in all our key markets, primarily driven by online betting expansion. The number of registered users exceed a half million in the first quarter of this year which is 40 percent more than a year ago.
"The group’s amounts staked for the first quarter of 2014 was Euro 165.9 million, a strong 17.5 percent y-o-y increase. The amount staked on sports betting reached Euro 162 million in the first quarter of 2014, an 18.2 percent improvement on the first quarter of 2013. Lottery betting in the first quarter of 2014 totaled Euro 3.8 million.
"In the first quarter of 2014, total Gross Win reached Euro 34.1 million, an increase of 1.8 percent compared to the first quarter of 2013. The Gross Win from sports betting was Euro 32.4 million, a 3 percent increase y-o-y.
"Of this figure, the Gross Win from online betting in the first quarter of 2014 increased to Euro 16.2 million, a substantial gain of 19.2 percent over the same period of 2013.
"The Gross Win from retail betting in the first quarter of 2014 amounted to Euro 16.2 million. In the first quarter of 2014, the Gross Win from the lottery business was Euro 1.7 million.
"In the first quarter of 2014, total EBITDA reached Euro 9.4 million, a 17.0 percent decrease over the same period of last year. The total is drawn from a 16.9 percent decline in sports betting to Euro 9.4 million and a positive lottery EBITDA of Euro 22,000.
“Lower EBITDA and slower Gross Win growth compared to the first quarter of the last year resulted from unfavourable sporting results in January, primarily football results in the first two January weeks. We believe that our full year guidance will be met.”
Fortuna's chairman Wilf Walsh will end his term at the annual general meeting on June 6, the Czech betting company noted.
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 :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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.