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 Revenues decline 6 percent in Q1-2015
Thursday May 21,2015 : BWIN.PARTY WOES CONTINUE IN Q1-2015
Revenues decline 6 percent.
The troubled online gambling group Bwin Party Digital Entertainment has posted another mediocre quarterly report, recording that revenues year on year slipped a further 6 percent, although they were up a similar amount when compared with the preceding quarter.
Q1-2015 revenue was Euro 155.3 million, with nationally regulated and/or taxed markets represented 62 percent of total revenue - up from last year's 56 percent.
The company reported that it was on-track to achieve Euro 15 million on cost savings this year following completion of its technology integration, the sale of non-core businesses and more efficient, product-led marketing spend.
The non-core asset disposal programme is similarly on-course to generate proceeds of between Euro 30 million and Euro 50 million in line with previous guidance
Current trading revenue is up 6 percent, driven by a 25 percent y-o-y sports betting boost, and business remains on target for the year, Management reported.
The report confirms that the company is in acquisition negotiations with a number of parties ..
Norbert Teufelberger, CEO said:
“The Group has delivered solid growth since Q4 2014 on the back of continued mobile expansion. However, a lower than expected gross win margin in sports betting as experienced by other gaming operators and continued challenges in poker held back our year-on-year revenue performance during the first three months of 2015.
"Despite slightly lower revenue and additional taxes, continued careful management of our costs and further operational efficiencies have meant that Group Clean EBITDA margins for the first quarter are ahead of the Board’s expectations and also ahead of last year.
“In the United States, draft legislation is being considered in both California and Pennsylvania. On the back of the strength of our US platform and existing partnerships (that now includes a market access partner in Pennsylvania), we believe that we are well-placed to secure a leading position in each of these markets should a suitable regulatory and fiscal framework be introduced."
The company reported that average daily net revenue was down 13 percent year-on-year due to lower than expected gross win margins in sports betting, continued declines in poker and the introduction of VAT to certain gaming activities across the EU with effect from 1 January 2015.
Sports betting net revenue was down 10 percent to Euro 58 million in the quarter. Casino and other games saw net revenue falling by 11 percent year-on-year to Euro 46.8 million.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
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.
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.
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.
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.