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High Noon Casino no deposit bonus has posted a disappointing set of Q2-2012 results

Wednesday August 15, 2012 : BINGO.COM RESULTS DISAPPOINT
First quarter revenue increase has not been maintained
Online bingo operator has posted a disappointing set of Q2-2012 results showing a decline from Q1's 64 percent rise in revenues to a 4 percent decline.
The Anguilla-based firm reported a net deficit for the quarter to June 30 2012 up by almost $4,000 quarter-on-quarter to reach $28,908.
Total revenues for Q2-2012 slipped 14 percent quarter-on-quarter, with income from gaming operations falling 12 percent quarter-on-quarter to $339,869.
“This decrease compared to the second quarter of 2011 and the first quarter of fiscal 2012 is due to unfavourable gaming results late in the quarter,” Management reported.
“We earned advertising revenues of $7,873 in the quarter ended June 30, 2012, a decrease of 29 percent from advertising revenue of $11,079 in the second quarter of 2011 and a decrease of 59 percent from advertising revenue of $19,382 in the first quarter of 2012.”
“Despite increased gaming activity across many products, our revenues declined,” said chief executive officer Jason Williams.
“Our strategy in the second quarter was to reduce our marketing costs and focus on player development and retention, which was successful. While we achieved our objective of improving our total operating margin, low gross margins in our casino products late in the quarter and a negative impact from currency fluctuations combined to give us a net loss for the quarter.
"However, our task is to post an annual net profit for and with the third quarter off to a strong start we believe that milestone will still be reached.”

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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