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Bwin/Party Share price has declined 26 percent this year
Tuesday November 4,2014 : BWIN.PARTY SHARES CONTINUE TO TUMBLE
Share price has declined 26 percent this year. See what happens when you screw over advertising partners.
The UK newspaper The Independent highlighted the continuing plight of online gambling group Bwin.Party Digital Entertainment this week, pointing out that the company's share price has declined 26 percent this year amid falling profits.
On Monday the share price fell another 10.2p to 89.65p after a brief rally earlier this year on news that the company was cutting costs.
The latest fall has been attributed to fears that new European Union tax measures may have an adverse impact.
"New VAT rules for digital businesses, which take effect from January 1, mean the tax will be charged based on where the customer is, rather than the company's registration," the newspaper reported.
"Deutsche Bank thinks Bwin.Party will be the worst hit. It is registered in Gibraltar, where there is no VAT, and 26 percent of its first half revenues came from Germany, where the rate is 19 percent."
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
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Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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