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.
Betfair Revenues up 12.3 percent
Posted on 12/14/10 :
Revenues up 12.3 percent; EBITDA soars 24 percent
Online gambling group Betfair has unveiled half-year results to the end of October 2010 showing an upward trend in key performance indicators.
The group reported revenues up 12.3 percent to GBP188.5 million, whilst EBITDA hit GBP31.2 million, soaring 24 percent, with underlying profit after tax up 49.8 percent to GBP14.4 million. The company maintained its debt-free status, and holds GBP178.2 million in cash.
However, profit after tax was down 12.7 percent to GBP 6.8 million following the deduction of net exceptional costs of GBP14.7 million primarily associated with the company's recent IPO on the London stock exchange.
Customer funds held on deposit in separate ring fenced accounts at period end were GBP288 million, with active customers up 31.1 percent to 654,000.
Chief executive David Yu said: "We are pleased to report our first set of results as a listed company, which cover an exceptionally busy period. We have made significant progress throughout the group pursuing our key growth priorities of:
* building on our leadership in sports betting;
* continuing to expand our product portfolio and cross-selling these products to Sports customers;
* taking advantage of the proliferation and convergence of new channels;
* continuing our geographic expansion; and developing our platform to address new markets and new verticals.
"We also completed a listing of Betfair's shares on the London Stock Exchange, an important development which we believe will enable us to grow more quickly than we could do as an unlisted business.
"From a trading perspective, we delivered double digit revenue growth in the period driven by a strong performance during the World Cup in the first quarter. Growth in the second quarter was moderated by more challenging conditions, particularly in horse racing and poker, which together offset robust performances in football, other sports and Games.
"An increase in active customers in the six month period of more than 30 percent was generated by a disciplined marketing campaign. The increase of over 25 percent in Core Betfair Adjusted EBITDA demonstrates that our planned margin progression is on track with marketing expenditure in particular returning to historical levels.
"Trading in the third quarter began on a stronger overall trend than the second quarter in Sports, again led by football. Recent weather conditions in the UK and Ireland, however, caused a number of race meeting cancellations, moderating overall growth rates in the quarter to date. Games growth has strengthened but poker has continued to show significant year-on-year declines following its migration to the Ongame network. In the second half, we will continue to improve our customer offering and address challenges in racing and poker with a number of product enhancements and initiatives.
"We remain confident that our Core Betfair business is on track to deliver Adjusted EBITDA in line with our expectations for the current financial year. Looking further ahead, we believe that Betfair's unique product proposition and well-invested technology platform position the Group strongly for growth in the years to come, together with the potential for significant margin enhancement in Core Betfair."
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.