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.
The Weather Lottery acquires Poseve Ltd
Friday May 24,2013 : THE WEATHER LOTTERY ACQUIRES LOTTERY MANAGEMENT FIRM
And Media Corp plc chairman Phil Jackson is named as CEO
Online gambling group The Weather Lottery surfaced in a business press statement Thursday, announcing the acquisition of Poseve Ltd for GBP 350,000 in an all-shares deal, and naming Phil Jackson - chairman of the controversial Media Corp plc internet gambling group, as its CEO.
The price tag for Poseve will be satisfied by the issue of 236.6 million new shares at 0.15p each in TWL to Poseve owner James Rose, representing a 29.75 percent share in TWL.
The company was incorporated on 26 April 2012, and has yet to produce any audited accounts. However, Poseve has had sales from the date of incorporation of over GBP 700,000 and has achieved monthly profitability at the operating level.
During April 2013 an operating profit of GBP 25,000 was achieved on sales of GBP 92,000. Poseve has long term debt of approximately GBP 350,000, and cash of a materially similar amount.
Poseve brings with it a set of unique software products, focused on lottery games and payment processing technologies, the TWL announcement claimed.
"Poseve have a range of lottery, skills and hybrid games that will provide TWL a significant opportunity to better serve its existing customers and introduce new games for existing societies as well as opening new revenue streams appealing to new customers," the company statement explained.
Poseve is 100 percent owned by James Rose, who joins the management team of Prize Provision Services Limited, the company's wholly owned lottery management subsidiary.
The statement reveals that it is intended that Q3 2013 will see the rebranding of the company, additional strengthening of the board to support the launch of an updated online lottery platform as well as the strategic roll out of new gaming, technology and payment products for customers.
Jackson, who took over the leadership of Media Corp plc at the height of the controversial Purple Lounge Poker liquidation scandal (see previous InfoPowa reports) has been punting the new Intabet online gambling product and now widens his involvement in the online gambling industry in assuming the responsibilities of CEO at The Weather Lottery.
His biography boasts over twenty years of experience in general management, sales and marketing, during which he has held senior international marketing positions for UnitedHealth Group, driving their clinical research and data management group revenues from $50 million to $1 billion in the period 2004-2010.
For the last three years, Jackson has been advising on the corporate development of betting software group, Intabet, as well as advising specialist health analytics group, LA-SER, through international expansion. He is a founder of Docobo, a leading eHealthcare company, and was a founder and former CEO of Jackson Beazeley Limited, a specialist manufacturer and international distributor of nursery products.
James Rose will replace Jeff Williams as managing director of PPS. Williams, whose financial assistance has done a great deal to enable the company to survive will continue as a consultant to oversee the changeover. Rose will assume the regulatory responsibilities to the Gambling Commission presently held by Williams. In this he will be assisted by lottery industry expert Garth Caswell who has also agreed to become a consultant to the company.
The UK Gambling Commission has confirmed that PPS is in full compliance with its licence and that they are happy with the changes in management.
Lord Tim Razzall and Andrew Flitcroft remain in their roles as Non-Executive Chairman and Finance Director respectively.
Gambling News :
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
$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.
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.