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.
Sportech Acquires eBet Online
December 20,2012 : SPORTECH ACQUIRES NORTH AMERICAN HORSE RACING COMPANY
eBet specialises in Internet and mobile betting services for horseracing in North America
Sportech plc has announced the acquisition of eBet Online Inc, a US business to business online betting operator and technology and services provider focused on the North American horseracing betting market.
Total consideration, dependent upon future performance, is to be up to $12.6 million (approximately GBP 7.8 million).
The acquisition is expected to be earnings enhancing in its first full year of ownership, a company spokesman said Thursday, explaining that eBet is one of the largest online horserace wagering operators in the US, processing $106 million of bets through its account wagering systems in the year to 30 June 2012.
"The acquisition of eBet reinforces Sportech's position as one of the largest operators and providers of online and mobile betting technologies and services across North America," the spokesman said.
"The combination of eBet with Sportech's US interactive business is expected to create significant strategic and operational synergies.
"eBet brings an incremental customer base with strong year-on-year revenue growth that will broaden Sportech's share of the account betting market in North America."
Following the acquisition, Sportech's enlarged US interactive operation will provide customised websites, mobile applications, interactive voice response (IVR) systems and telephone betting services to 29 licensed gaming and racing customers across the US.
Mark Gregory, a principal and the current CEO of eBet, will assume the role of managing director of Sportech's Interactive Products & Services division, whilst Andrew Gaughan, the current managing director of the division, will become managing director, Business Development - The Americas. Both Mark and Andrew will report to David Schreff.
For the year ended 30 June 2012, eBet reported turnover of $4.3 million producing an EBITDA before exceptional items of $1.6 million and a profit before tax and exceptional items, of $1.4 million.
Gross assets at 30 June 2012 were $2.3 million. Sportech has identified a total of $250,000 of synergies it would expect to achieve in 2013 increasing to annualised synergies of $500,000 from 2014 onwards.
Sportech has agreed to acquire eBet for a total consideration of up to $12.6 million, which will be funded from Sportech's existing banking facilities.
This comprises an initial consideration of $9.35 million in cash, deferred cash consideration of $1.5 million, payable in two tranches, ($400,000 one year and $1.1 million two years after completion); plus a further deferred payment of up to $1.75 million in cash payable in the event that Sportech's enlarged interactive division in the United States meets certain growth performance targets in the year to 31 December 2015.
Ian Penrose, CEO at Sportech, said: "The acquisition of eBet is an important further development in our North American business, following approval last week to provide exclusive online betting on horseracing in the State of Connecticut [see previous InfoPowa report] and the recent appointment of David Schreff as Chief Operating Officer - The Americas.
"eBet brings Sportech a significantly enlarged online customer base, a licence in Oregon and an experienced new managing director for our interactive division. The addition of eBet significantly enhances our reach across horseracing in the United States."
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.