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SAFECHARGE REPORTS NEW RECORD IN TRADING UPDATE
Q4-2016 saw record transaction processing volumes and revenues.
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
The firm said the record results were generated as a result of the management’s focus on ‘Tier-1’ customers including PaddyPower Betfair, Sun Bingo, Sisal and Nayax, all of which went live on Safecharge systems in the second half of the year.
SafeCharge forecast that adjusted EBITDA should amount to between $33 million and $34 million, and said it expects the full-year dividend to total 75 percent of adjusted EBITDA for the 12 months.
The company expects to report that it closed the year with more than $124 million of cash and short-term investments, and remains debt-free.
David Avgi, chief executive of SafeCharge, said: “Since listing the group nearly three years ago we have rapidly developed the scope and scale of our business, enabling us to start 2017 with the ability - and appetite - to aggressively compete for a greater share of Tier 1 customers across multiple e-commerce verticals and geographic markets.
“At the same time as achieving a strong financial performance, including paying substantial dividends to shareholders, we have maintained an acute awareness of what it will take to continue being successful as our markets evolve and customer needs change.
“I believe that we are ideally positioned to sustainably grow the business.”
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Live Dealer Now At Slotocash -
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With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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