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.
Bwin.Party Confirms GVC Holdings offer
Thursday July 9,2015 : BWIN.PARTY CONFIRMS G.V.C. ACQUISITION OFFER
Online gambling group releases a generally upbeat rading update detailing mobile success and cost savings.
Online gambling group Bwin.Party Digital Entertainment has released a pre-close trading update (its six-month results are due end August) confirming that it has received an offer of 110p a share in an acquisition bid by rival gambling group GVC Holdings.
The update highlights the following developments:
* Gaming revenue in the three months to 30 June was in-line with expectations; sports turnover was ahead of plan although sports gross win margins were below normalised levels;
* Mobile/touch activity has continued to grow strongly: in June 2015 mobile/touch represented (31 percent) of total gross gaming revenue (June 2014: 23 percent) with sports betting at over 50 percent (June 2014: 37 percent);
* Non-core asset disposals have already realised over Euro 36 million, in-line with a target of Euro 30 million to Euro 50 million;
* New label-led structure is delivering the operational improvements expected and Bwin.Party is on-track to achieve at least Euro 15 million of planned cost savings in 2015;
* Board confirms proposal from GVC Holdings at 110p per share.
Group CEO Norbert Teufelberger said:
“Despite challenging comparatives together with the impact of EU VAT and POC tax, we are pleased with our business performance in the first half. We have completed our new organisational set-up and streamlined our decision-making processes, significantly improving our operational performance.
“Sports volumes are ahead of last year despite the 2014 World Cup, although poor sporting results drove gross win margins lower, holding back revenue performance in the period. Casino betting volumes have also remained strong and in poker we are closing the gap on last year. Our bingo revenue was in-line with last year but our UK business now attracts the POC tax that was introduced in December 2014.
“We have made good progress on the disposal of our non-core assets with World Poker Tour, Winners and United Games all sold during the second quarter and we have already reached our target range of Euro 30 million to Euro 50 million of disposal proceeds. As well as generating cash, these disposals are also helping us to reduce the complexity within our business.
“Our shift to a label-led structure is delivering the operational efficiencies we anticipated."
In related news, GVC Holdings issued a statement Thursday confirming its offer, although not mentioning the involvement of Amaya.
Kenneth Alexander, chief executive of GVC Holdings said: "Any offer made by GVC for bwin.party would include part of the consideration in new GVC shares. Based on our experience with the successful Sportingbet acquisition and restructuring, we believe that the potential combination of GVC and bwin.party would result in substantial financial and operating synergies and represent an excellent opportunity for both GVC and bwin.party shareholders."
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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.