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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 :

Keimo Suominen Wins MPNPT Tallinn 2017 Main Event - Finnish online qualifier Keimo Suominen has taken the mantle of MPNPT Tallinn Champion from last year’s winner Ranno Sootla, winning €45,200 after a heads up deal with Davis Modans. They’d outlasted a field of 534; the total prize pool reached €258,990 – well over its €150,000 guarantee.

Foxium chooses Microgaming’s Quickfire platform - Game developer Foxium is integrating with the Quickfire platform via an exclusive deal.

14 Left in MPNPT Tallinn Main Event - All 14 players who have made it to the end of Day 2 in the MPN Poker Tour Tallinn Main Event can now consider themselves to have officially run deep.

Day 2 of the MPNPT Tallinn Main Event - Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522

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.

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