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Bad Year For Neovia - Neteller

3/18/10 - The Internet e-cash processing group Neovia plc has released a lacklustre set of full year results for the period to December 31st 2009.
 
The financial report shows group revenue declining by 15 percent to $64.5 million; fee revenue down 10 percent to $62.9 million and gross margin reduced to 54.6 percent (FY 2008: 61.8 percent.
 
The group EBITDA came in at $8 million in 2009 (2008: $16.0 million), and a loss before tax of $1.7 million (2008: profit $6.4 milion) was recorded.  Total Group cash as the financial year ended was $73.5 million (2008: $82.3 million).
 
Operationally, the company increased its active e-wallet users in Q4 to almost 100 000 (Q4 2008: 97 6730, with fee revenue per active e-wallet user $116 for 2009 (2008: $128). Average daily sign ups were 1 048 for 2009 (2008: 981); and average daily receipts were improved at $488 641 for 2009 (2008: $457 442).
 
Neovia chairman Dale Johnson commented: “Following a transitional year characterised by progress in dealing with internal and external challenges, including weaker market conditions, the Board has renewed confidence in its updated business strategy and executive leadership to deliver significantly improved shareholder value in 2010 and beyond.
 
"The fourth quarter of 2009 saw stronger performance for both the e-wallet and Netbanx businesses compared to the third quarter, and revenue for the first two months of 2010 was in line with management’s expectations. The Board continues to be optimistic about the outlook for Neovia and remains confident about the group’s prospects going forward with its adoption of a renewed strategy for growth.”



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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