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.
Betting Promotion continues to deliver weak results
Thursday July 25,2013 : UNDER-PERFORMING SWEDISH SPORTS BETTING OPERATOR TO REVIEW ITS BUSINESS
Betting Promotion continues to deliver weak results
Industry veteran Peter Åström (remember him from the Entraction management?), has his hands full with the under-performing Swedish sports betting operation Betting Promotion, where he is currently chairman.
The company has turned in another weak set of results, prompting Åström to assure investors that he intends to work with the company management in undertaking a comprehensive internal review of the business to see what's wrong and how to fix it.
Betting Promotion's Q2-2013 report made largely dismal reading. For the period April to June 2013:
* Betting turnover down at 127,865 KEUR (170,589 in Q2-2012)
* Net turnover after trading fees: 502 KEUR (842)
* Gross margin: 0.39 percent (0.49)
* Operating income: Negative 255 KEUR
* Operating margin: Negative 51 percent (0)
* Net Income: Negative 424 KEUR (15)
For the half-year January to June 2013:
* Betting turnover: 282,651 KEUR (345,768 in Q2-2012)
* Net turnover after trading fees: 776 KEUR (1,121)
* Gross margin: 0.27 percent (0.32)
* Operating income: Negative 811 KEUR (-574)
* Operating margin: Negative 105 percent (-51)
* Net income: Negative 948 KEUR (-578)
In its review, the board of directors acknowledged that "....the company has not been able to deliver satisfactory results for some time”, and for this reason the chairman will assume an executive role in working with management on a review of operations.
The company's two products, Trading and Bookmaking, will be subject to an analysis and a new business plan will be established.
"Second-quarter earnings were well below budget. For Trading the margin was 0.3 percent, i.e. the bottom limit of the expected margin of between 0.3 percent to 0.6 percent," the board notes. "For Bookmaking the margin was in line with expectations, albeit with very low volumes."
The report blames negative net income on lower gaming turnover, write-downs during the quarter in question and continued investment in the product Bookmaking.
"The lower gaming turnover is a consequence of the fact that there are no major championships in 2013. We have made a final agreement with Key Quest Ltd and a new payment plan has been established with Game Village, involving write-downs of 123 KEUR," the company's CEO, Jonas Ornstein commented.
At the end of last year, online gambling company Tain AB acquired around 18.5 percent of the shares of Betting Promotion Sweden AB to become the largest shareholder of the company .
The sellers include, among others, the former major shareholders, Key Quest Limited, who sold its entire stock, and Hampus Hägglöf, who sold 500 000 shares, which means that Hägglof’s holding is currently less than 5 percent.
Gambling News :
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
New PartyPoker Pro Richard Dubini -
A regular player in the Latin American live circuit, Dubini will travel alongside partypoker ambassador Joao Simao to gain feedback from players about partypoker to help optimise both live and online poker for the local players.
$65k Hit on Bitstarz Slot -
Bewitching payout of $64,818 was scooped up by a fearless BitStarz player as he played the popular slot Hansel & Gretel: Witch Hunters, based on the movie with the same name!
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.