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.
GVC TO DUMP BETALAND
04/10/2012 : GVC TO DUMP BETALAND
Returns on the business no longer justify the risks involved, says parent company
GVC Holdings plc's Maltese subsidiary, GVC Corporation Limited has entered into an agreement with an independent third party company, GVC New Limited to sell the failed Betaland sports book venture for a nominal sum.
The buyer is, according to the GVC Holdings statement, "....not owned by GVC, nor any of its officers, shareholders or directors, but is an entirely independent company incorporated in Malta. Within 24 months of completion the transferee has agreed to change its name to a name which cannot be reasonably interpreted as being associated with the GVC Group."
Explaining the reasons dumping the five-year-old business, GVC Holdings said management has concluded that the returns on Betaland no longer justify the risks involved with its operation, and revealed that the sports book enterprise was historically the lowest margin business of the GVC group and heavily dependent on agency relationships.
The deal is conditional upon the Lotteries and Gaming Authority's assent, and is expected to complete within the next month.
"The proposed disposal is on a debt and cash free basis and for nil consideration," a company spokesman revealed. "The transferee has agreed to take-on the majority of the staff of the business thus saving GVC significant redundancy costs. Notice to terminate the lease housing these Maltese based staff has been terminated effective 30 June 2012 at minimal cost."
In the year ended 31 December 2010, the date of the last audited accounts, Betaland delivered Net Gaming Revenue of Euro 22.2 million and clean EBITDA of Euro 1.9 million. Profit before taxation was Euro1.6 million. The company has net assets of Euro 6,000.
GVC Holdings chief executive, Kenneth Alexander, said that the disposal would not impact the group's dividend strategy, adding: "The declining profitability of Betaland led the board of GVC to conclude it should exit this market.
“By transferring Betaland to an independent third party, GVC will have sheltered itself and its shareholders from the costs associated with the closure of this business as well as the potential to settle liabilities to customers directly.
"GVC's remaining B2C brands CasinoClub and Betboo, along with its B2B activities, remain robust"
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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.