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.
Betsson Acquires Class One Holding Ltd Dutch
Friday February 7,2014 : BETSSON ACQUIRES DUTCH ONLINE GAMBLING GROUP
Oranje and Kroon online casinos and an affiliate program based in Malta sold for a potential Euro 145 million.
The Swedish online gambling operator Betsson AB has announced the acquisition of the Class One Holding Ltd Dutch private online gaming group, based in Malta and comprising Oranje Casino, Kroon Casino and an affiliate business.
The companies primarily target the Dutch market, but Kroon Casino also has a presence in Belgium.
"With this acquisition, Betsson gains a strategic position in the Netherlands and becomes one of the biggest players on the Dutch market which is expected to be re-regulated during 2015," said Magnus Silfverberg, president and CEO of Betsson.
"This would give Betsson's profits from locally-regulated markets exceeding 25 percent of the group's total profit. The deal also gives Betsson a larger and more significant presence in continental Europe."
In 2013, revenues in Oranje and Kroon amounted to Euro 32.5 million with an EBIT of Euro 22.1 million, equivalent to an EBIT margin of 67,8 percent. The group boasts a player base of 209 000, the Swedish group advised shareholders Friday..
In addition to incremental earnings, the transaction contributes over 300 new domains, a Belgian licence and a number of proprietary developed and exclusive casino games.
The three un-named entrepreneurs who founded Oranje and Kroon will continue to serve the company as external advisors to Betsson, and the Swedish group is to retain other key employees in the enterprise.
Betsson has advised that the acquisition is for an initial consideration of Euro 100 million, of which Euro 60 million is payable in Betsson shares and the rest in cash. The initial purchase consideration corresponds to 4.5 times EBIT in 2013.
In addition to the initial purchase consideration, a further payment may become payable, based on the outcome of the anticipated re-regulation in Holland. A more attractive re-regulation for Oranje and Kroon will trigger a higher remaining payment by Betsson capped at Euro 45 million.
However, the expected remaining purchase consideration is Euro 30 million, representing a total purchase consideration of Euro 130 million, corresponding to 5.9 times EBIT for 2013.
Betsson estimates that the acquisition and integration costs will not exceed SEK 30 million over the next 12 months. In addition to these costs further depreciation of immaterial assets will be triggered, in conjunction with Betsson´s previous acquisitions,
these have no cash flow impact.
The acquisition is financed through equity, own generated cash and a newly secured Euro 90 million bank facility. The funding creates flexibility for the future and will also be used to repay current outstanding debt.
The acquisition is subject to customary shareholder and regulatory approvals, and closing is expected to take place during first quarter 2014.
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.
Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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.