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.
SPORTECH TURNS IN POSITIVE RESULTS
03/07/2012 : SPORTECH TURNS IN POSITIVE RESULTS
Diversification paying off
Pool and tote betting organisation Sportech presented its preliminary results for the year ended December 31, 2011 - showing pleasing progress on the road towards a return to profit.
The group is bullish on the year ahead and says it is well positioned for continued growth in 2012 and beyond.
Financial highlights include:
- Revenue increased by 66 percent to GBP 118.2 million (2010: GBP 71.2 million)
- EBITDA increased by 33 percent to GBP 26.1 million (2010: GBP 19.7 million)
- Adjusted profit before tax increased by 33 percent to GBP 15.8 million (2010: GBP 11.9 million)
- A return to profit, with profit before tax of GBP 8.0 million (2010: loss of GBP 5.9 million)
- Adjusted earnings per share ("EPS") of 5.7p (2010: 5.4p)
- Basic EPS of 2.6p (2010: loss per share of 3.9p)
- Net bank debt reduced by 18 percent to GBP 59.2 million (2010: GBP 72.2 million)
These results include the first full twelve months' contribution from Sportech Racing, which was acquired in October 2010.
Strategic and operational highlights over the period:
- Continued refinement of product offering, leading to an increase in spend per customer and enhanced distribution.
- Initial entry into social gaming through a white label distribution agreement with Bodugi Limited.
- Subject to the award of a full licence, cricket pools ready for launch in India by the Essel Group, Playwin's parent company and Sportech's joint venture partner. Provisional gaming licence awarded to the Essel Group.
- Appeal on VAT claim, which could exceed GBP 80 million with simple interest applied, expected to be heard by the First Tier Tax Tribunal in the summer.
- Completed the integration of the Sportech Racing business into the Sportech Group, across all offices in the UK, USA, Netherlands, Ireland, France and Germany.
- Established an interactive division in the USA to focus on the current, and future, online opportunities.
- Invested GBP 2.2 million in refurbishing the venues business in Connecticut where we have gross betting revenues ("handle") of $180 million, reversing four years of decline in betting handle and outperforming industry trends.
- Successful migration of the casino and poker customer base onto Playtech gaming software at end of 2011.
- Division moving to growth phase, ending 18 months of transition.
- Concentration of promotion on the Vernons brand including launch of television advertising campaign.
- A unique and leading position in the USA.
Ian Penrose, Chief Executive of Sportech PLC, commenting on the results, said:
"We are continuing to make good progress.
“We have diversified our business interests and revenue streams from a focus on the UK market, in which pools betting has a small market share, to establishing business interests where pools and tote (pari-mutuel) betting is a significant form of betting, and in those markets which are exploring the liberalisation of betting and gaming.
“Our acquisition of one of the oldest gaming businesses in the USA has given us a unique and leading licensed position in North America, expected to be one of the world's largest gaming markets.
“We have invested in technology, facilities and our people as we improve our focus and delivery to the customer in order to drive improved profitability.
“Our financial results for 2011 highlight the significant improvement in the financial position of Sportech. Whilst we are conscious of the ongoing economic uncertainties in our two principal markets of the UK and USA, we have started 2012 well, with trading for the first two months in line with management's expectations."
Gambling News :
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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.