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.
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 :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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.