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.
Bet365 Loses A$40.8 million In Australia
Wednesday August 6,2014 : AUSSIE VERSION OF BET365 BATTLES DOWNUNDER
A$40.8 million losses reported in 2014 results.
The British online gambling group Bet365's venture into the Australian market is proving to be an expensive business, with the usually successful company reporting losses of A$40.8 million in its 2014 financials, said to be generated mainly by start-up costs.
The latest result takes the online betting company's accumulated losses to A$77 millon in just over two years (the firm logged a A$36.2 million loss in 2013 as it entered the fiercely competitive market).
Based in Darwin, the online bookmaking firm obtained a licence in early 2011 and began operating the following year
The parent company in the UK has kept the money flowing to its Aussie subsidiary in the form of loans which remain without repay time limits until the company Downunder is generating positive cash flows.
That end could be in sight, as the Australian branch reported that revenues over the 12 months ended March 31 grew by 278 percent to $29.1 million - a significant improvement on the A$7.7 million of the preceding year.
In its latest report, the Australian offshoot also reports growth in its player base, up 83 percent at 73,000 actives, who placed A$1.5 billion in bets. A$447 million of those wagers, or 30 percent of turnover, were generated from mobile devices.
The Sydney Morning Herald reports that this suggests Bet365’s market share has grown to command about 11 percent of the A$13 billion online betting industry Downunder. The company said $447 million, or 30 per cent of turnover, was wagered via mobile devices.
Significant costs have been incurred in staffing costs; the company employs 210 people and costs have soared 63 percent to A$19.9 million over the last year.
The report also incurred heavy expenditure in advertising and technology as it sought to build brand awareness and ensure that the infrastructure was strong in flexibility and scalability for the future.
The SMH notes that Bet365 CEO Denise Coates is used to sorting out loss-making initiatives, pointing to the company's expensive support for the Stoke City football club in England, which has cost the company around GBP 100 million over the years. The football club had losses of GBP 31 million in the 2013 financial year.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
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.