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.
Ladbrokes reported on its Q2/2015 and HY1 results
Wednesday August 12,2015 : DISAPPOINTING HY1 RESULTS FROM LADBROKES
“Need to reset and invest,” says CEO
Ladbrokes reported on its Q2/2015 and HY1 results Tuesday, delivering a less than sparkling performance.
The company said a 35.9 percent decrease in group operating profit was largely driven by lower year-on-year margins notably in its digital sportsbook together with the impact of increased machine gaming duty to 25 percent, the new Point of Consumption tax and withdrawal from certain overseas digital grey markets.
Other key performance indicators for the 6 month period ending June 30, 2015 were:
- Decrease in group revenue of 0.1 percent to GBP 588.8 million (H1/2014: GBP 589.3 million).
- An increase in total corporate costs to GBP 12.2 million (H1/2014: GBP 11.1 million).
- Net finance expense of GBP 14.2 million (H1/2014: GBP 12.8 million) mainly due to a higher blended interest rate.
- A 49.7 percent decrease in profit before tax to GBP 27.5 million (H1/2014: GBP 54.7 million).
- Total exceptional items before tax of GBP 78.9 million (H1/2014: GBP 27.0 million) which includes closure of shops in UK and Ireland.
But it’s not all doom and gloom, performance in Ladbrokes’ mobile Sportsbook, Digital Gaming and Australia along with machines performance in UK Retail were better than expected, offsetting losses to a small degree.
Looking at Ladbrokes’ digital segment, net revenue grew 6.9 percent to GBP 112.2 million (H1/2014: GBP 105 million) but the company reported an operating loss of GBP 11.5 million (HY1/2014: profit of GBP 3 million) before exceptional items which it attributes to the introduction of the POC tax and “substantially lower gross win margins in Ladbrokes.com.
Despite mobile sportsbook staking increasing 64.9 percent and sportsbook staking by 20.1 percent, net revenues declined by 26.3 percent due to weak margins.
By the end of H1/2015, mobile sportsbetting represented over 64 percent of customer staking while desktop declined by 19 percent reflecting the rapid migration to mobile products.
Jim Mullen, Chief Executive, commented:
“Our first half results reflect the challenge facing Ladbrokes. While we have some encouraging customer trends, we need to reset the business and invest. The results clearly show why we need to change and why we need to do so quickly.
“In July, we set out an organic plan to create a better business in 2017 with clear targets. While doing this removes the short-term thinking that had come to dominate our actions, we recognise it does create short-term impacts on our profitability.
“However, our focus has to be about looking forward, investing and utilising our strengths to grow. There are signs in H1 that the customer is there to be convinced by the Ladbrokes offer – good Gaming performance, strong Mobile Sportsbook KPIs and growth in Australia. We have a solid base to build on.
“So going forward expect to see the Ladbrokes brand more prominent across the media, a retail driven multi-channel offer rolling out to more customers, an evolving and improved Digital offer and further progress in Australia.
“The proposed merger with the Coral Group represents an exciting opportunity for the business but, with completion some way away, the focus for me and my team must be on the here and now of delivering on our organic plan, building a better Ladbrokes and driving performance towards our 2017 targets.”
Gambling News :
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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.