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Gameaccount shows 123 percent increase in 2013 earnings

Wednesday April 30,2014 : GAMEACCOUNT NETWORK DELIVERS STRONG 2013 RESULTS
 
2013 a transformational year for company, says chief executive
 
B2B software and online gaming content provider GameAccount Network revealed a substantial rise of 123 percent in Net Revenue and a solid increase in EBITDA during its FY2013 report.
 
The company had a strong year, launching into the newly regulated New Jersey market and clinching deals with Foxwoods, KONAMI Gaming, Multimedia Games, Reel Time Gaming and Gamomat
 
Key financial highlights include:
 
•   Net Revenue increased by 123 percent to GBP 12.3 million (2012: GBP 5.5 million)
 
•   Clean Ebitda1 increased by GBP 3.8m to GBP 4.1 million (2012: GBP 0.3 million)
 
•   Profit before tax for the year increased to GBP 1.6 million (2012: Loss of GBP 1.0 million)
 
•   Earnings per share increased to GBP 0.04 (2012: GBP 0.01)
 
•   Placing and admission to AIM and ESM raised GBP 15 million to accelerate growth
 
•   Strong balance sheet: cash and cash equivalents increased to GBP 16.9 million (2012: GBP 1.7 million)
 
GAN launched its Simulated Gaming product in 2013 designed to take US land-based casino operators online in anticipation of real-money internet gaming regulation.  Foxwoods Resort Casino was the first to launch with the product earlier this year and GAN announced partnerships this week with two other operators Osage Casinos in Oklahoma and Empire City Casino in New York.
 
Dermot Smurfit, chief executive officer of GameAccount Network, said:
 
“We have made real progress in delivering on our strategic initiative to develop sustainable higher margin revenue streams while positioning the Group for growth in regulating markets.
 
“We also successfully raised GBP 15 million through an institutional placing in November 2013 and listed on the AIM and ESM markets of the London and Irish Stock Exchanges. We have a strong balance sheet with almost GBP 17 million in liquidity to accelerate our growth in 2014 and beyond.
 
"We continue to invest significantly in recruitment to support increased product development and sales & marketing services capability in both the European and United States regulated markets. During 2013 the Group invested heavily in product development resulting in enhanced mobile and reporting capability."
 
Looking ahead, Smurfit believes the company is well placed in 2014 to deliver further growth in its core European content distribution business with new game titles for Konami Gaming, Multimedia Games, Reel Time Gaming and Gamomat coming to market in 2014 in both desktop and mobile formats.”



Gambling News :

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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