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.
Chartwell Tech New games and a 16.5 percent improvement in revenues reported
The Canadian online gambling turnkey provider Chartwell Technology announced solid third quarter and nine month results this week, reporting continued strong growth in casino and poker revenues, which rose by 16.5 percent. EBITDA was also up by 18 percent to $1.3 million in the quarter, compared to $1.1 million in the same period in 2007.
Cash flow from operations before working capital adjustments and before a restricted cash adjustment similarly grew by 32.6 percent to $1.3 million, from $1.0 million in the same period in 2007.
At the operational level, Chartwell deployed 4 new games in the quarter, bring to 17 the number of new games launched so far in this fiscal year. The company was also proud to announce the acquisition of British remote and non-remote operating licenses, and will soon announce its first major UK licensee.
Total revenue for this year's third quarter was $6.1 million compared to $5.3 million for the same period a year earlier. License fee revenue increased 13.5 percent to $5.7 million from $5.0 million in the third quarter of 2007 with both casino and poker license fees contributing to the increase in revenue.
The increase in license revenue was the result of organic growth from existing licensees as they benefited from the Euro 2008 football tournament as well as numerous additional games from the company, Chartwell reported.
Following the acquisition of Elite Club Management (ECM) in the second quarter of 2008, the company significantly increased service revenue to $300 000 in the third quarter of 2008.
Net earnings for the third quarter were $600 000 compared to $400 000, enabling the company to increase the tempo of its investment in new products and services.
Software development and support expenses were $3.1 million and $8.2 million respectively in the three and nine months ended July 31, 2008. This compared to $2.4 million and $7.3 million for the same periods of fiscal 2007.
Sales and marketing expenses were $600 000 and $1.9 million for the three months and nine months ended July 31, 2008, compared to $700 000 million and $2.4 million for the same periods in 2007 as Chartwell focused its sales and marketing efforts out of Malta, and reduced its operating costs in London.
General and administrative expenses were $900 000 and $2.7 million in the three and nine months ended July 31, 2008 as compared to $800 000 million and $3.1 million in the same periods in 2007. The increase in general and administrative expense in the third quarter was the result of additional administrative staff following the acquisition of ECM, and higher professional services expenses.
Alan Richter, CFO of Chartwell said, "Chartwell's cash flow from operations for the first three quarters of 2008 of $8.3 million as compared to $3.8 million for the same period in 2007 shows the real strength of our business. This cash flow will allow the company to invest in broadening our product base, improving the services we offer, and to continue with our share repurchase program. In particular, we are very excited about the games that we have in the pipeline, and believe they will set the standard for online Casino slot games."
Chartwell continued to maintain a strong balance sheet through positive cash flow and working capital. At July 31, 2008 the company had $21.7 million of cash and short-term investments compared to $15.1 million at October 31, 2007.
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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.