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.
Q2 RECORD REVENUES FOR CHARTWELL
Chartwell Technology, the Canadian Internet gambling software provider has reported revenue growth of 26 percent in Q2:2008, with US$7 million in revenues setting a new company record.
The company announced its unaudited financial results for the three and six months ended April 30, 2008.
Q2 highlights included:
* Corporate revenue record for a quarter at $7.0 million, a 26 percent increase from the second quarter in 2007 and an 21 percent increase from Q1:2008.
* Net income of $1.1 million compared to $0.1 million in the second quarter of 2007.
* Cash flow from operations, before working capital adjustments, of $2.0 million as compared to $0.8 million in the second quarter in 2007 - a 143 percent increase
* EBITDA of $2.2 million as compared to $0.6 million in the second quarter of 2007, a 237 percent increase
Three months ended April 30, 2008
Revenue for the second quarter 2008 was $7.0 million (Q2:2008 - $5.6 million). The year over year increase of 26 percent was from consistent growth in casino license fees of 15 percent and an 88 percent increase in poker license fee revenue. In addition to the increased license fees, Chartwell now includes revenue from Elite Club Management N.V. (ECM), the acquisition of which was completed early in the quarter.
The total software development and support, sales and marketing and general and administrative expenses combined were comparable to the same period in 2007, despite the additional staff and overhead costs associated with ECM. Net earnings for the second quarter were $1.1 million. Company spokesmen claimed that the substantial increases in EBITDA and cash flow from operations demonstrates the strong earning power from established operations while Chartwell continues to invest in new products and services to meet demand.
Software development and support expenses were $2.8 million and $5.1 million in the three and six months ending April 30, 2008 respectively, compared to $2.4 million and $4.8 million for the same period of fiscal 2007.
For the three and six months ended April 30, 2008, sales and marketing expenses decreased by 16 percent and 18 percent to $600 000 and $1.3 million from $700 000 and $1.6 million in the same periods of 2007.
"The second quarter was an excellent one for Chartwell" said Alan Richter, CFO of Chartwell. "We've added licensees, deployed 13 new casino games and completed development on four more. We have made additional investments in the services we provide to our customers, and we are accomplishing all of this while controlling our expenses and thereby improving all of our key financial metrics."
Chartwell continued to maintain a strong balance sheet through positive cash flow and maintaining positive working capital. At April 30, 2008 the Company had $18.8 million of cash and short-term investments compared to $15.1 million at October 31, 2007.
Gambling News :
Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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.