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.
Gala Coral Online and land gambling group has GBP 4.4 billion in debt
Industry observers were this week expressing concern over the ability of the giant UK gambling group Gala Coral to service its substantial GBP 4.4 billion debt burden - up from last year's GBP 4.2 billion - but company officials were confident that the company would continue to prosper.
The UK newspaper The Guardian, reported: "Gambling group Gala Coral, one of Britain's largest private equity-owned employers, has seen losses more than treble as trading at its casino and bingo divisions has continued to slow sharply leaving the business straining to service its huge debts.
"Despite an additional GBP 124 million cash injection from private equity backers Permira, Cinven and Candover during the year, the company today published figures showing a pre-tax loss for the 12 months to September 27 of GBP 397 million. Much of the losses were made up of writedowns and redundancy costs as the group closed about 10 percent of its bingo clubs and casinos. More cost cutting and job losses are planned for coming months."
Hey! World's largest poker site giving away $50 free. Visit Pokerstars to claim.
The newspaper went on to claim that debt investors, who dominate Gala's ownership structure, are closely assessing the group's capacity to service its debt.
Full year results for Gala Coral showed the bingo, casino and sports betting operator was still being affected by the smoking ban in the UK, which it said was the main reason behind the year-on-year fall in group earnings before interest tax, debt and amortisation (EBITDA), which fell 10 percent to GBP 362 million in 2008.
Gala Coral chief executive Dominic Harrison told the London Financial Times that he did not expect any further closures of bingo clubs “bar an absolute meltdown in the economy”, following a particularly tough 2008. Harrison emphasised that the well-documented “sharp decline” in bingo activity at the company’s land-based clubs had leveled off and “trading had started to recover from the impact of the smoking ban and the scrapping of big-jackpot gaming machines”.
In the company statement, Harrison said: “Last year was challenging for Gala Coral due to well tracked regulatory and economic impacts. I believe though that the Group responded well to these challenges and I am particularly pleased with the growth delivered by Coral – our main business. We have started the new financial year well and I am confident we will continue to outperform our competitors and meet the targets we have set ourselves in 2009.”
Gala Coral’s turnover dropped 3 percent to GBP 1.2 billion for the year ending 27 September 2008; the firm repaid GBP 97 million of senior debt during the year and its cash balance sheet increased by GBP 49 million to GBP 146 million during the period. It enjoyed net cash inflow from operations of GBP 314 million and successfully renegotiated its banking covenants.
Gambling News :
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
Huge Caribbean Hold’Em hit at Bovada Casino -
A progressive jackpot strikes again! This time it was at Bovada Casino, where a Texas player landed the top hand playing Caribbean Hold’Em over the weekend. A grand total of $119,348 was collected from the poker-inspired table game.
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.