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.
Amaya Gaming 2012 year-end financial results
Tuesday April 30, 2013 : AMAYA GAMING A TRANSFORMATIONAL 2012
Focus continues on expanding its footprint
Canadian gambling firm Amaya Gaming Group delivered its year-end financial results for the period ending December 31, 2012, reporting an annual revenue growth of 316 percent.
Key performance highlights for its full year period ending December 31, 2012 include:
Revenues of CAD 76.44 million, an increase of CAD 58.06 million or 316 percent (2011: CAD18.38), derived mainly from Europe, the Caribbean and North American regions.
Gross profit was CAD 75.21 million, representing 98 percent of revenues, (2011: CAD 17.02 million or 93 percent of revenues).
Selling and marketing expenses increased from CAD 6.48 million in 2011 to CAD 11.68 million in 2012, representing an increase of 80 percent.
General and administrative expenses increased from CAD 13.74 million in 2011to CAD 61.98 million in 2012, an increase of 349 percent.
Financial expenses of CAD 6.82 million (2011: CAD 0.68 million) attributed to interest on both the convertible debentures related to the acquisition of Cryptologic, and the facility in connection with the agreement and plan of merger to acquire Cadillac Jack.
Adjusted EBITDA was CAD 23.11 million in 2012, an improvement of CAD 23.17 million from a CAD (0.06) million adjusted EBITDA loss in 2011.
"The past year has been transformational for Amaya," said David Baazov, president and chief executive officer of Amaya Gaming Group. "We expanded dramatically in Europe by increasing the licensee base of our subsidiaries Chartwell and CryptoLogic, which we had acquired in 2011 and April, 2012 respectively. Cryptologic went from a net loss in the first half of 2012 to a significant contributor of income for Amaya by the end of 2012.
"In the fourth quarter, we rounded out our offering of gaming solutions with the acquisitions of gaming machine supplier Cadillac Jack, which gives us an important presence in the United States, and B2B poker network provider Ongame. We now have the technology to address the growing trend toward convergence in our industry, with operators increasingly looking to offer physical, virtual, and mobile gaming products and experiences to their customers.
"Looking ahead, we are focused on extending our footprint, including through strategic partnerships in the United States, where the regulation of online gaming continues to evolve. Three states including New Jersey and Nevada have recently legalized online gaming and other states have tabled legislation that would do the same. Additionally, we expect to realize on synergies from our acquisitions of Ongame and Cadillac Jack, as we did with Cryptologic, including growing their respective customer bases in various jurisdictions."
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.
2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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.