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 :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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.