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 :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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.