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.
Nordic Leisure revenues drop over 51 percent
Wednesday December 4, 2013 : REVENUE PLUNGES AT SCANDINAVIAN ONLINE GAMBLING COMPANY
Nordic Leisure revenues take a 51.2 percent hit as firm moves East
Investors in the Scandinavian online gambling group Nordic Leisure will be alarmed by the latest financial stats from the company, which this week reported on its Q3-2013 results.
Revenues were 51.2 percent down at SEK 12 million compared with the SEK 24.6 million achieved in the comparable quarter in 2012.
EBITDA also declined by more than half, dropping to SEK 1.3 million from last year's SEK 3 million.
Chairman Niklas Braathen said that the July 1 sale of Redbet, which had contributed a substantial amount to company coffers in terms of revenues, had clearly impacted the performance figures.
Other highlights of the report included:
* Profit after tax amounted to SEK 38.9 M (2.7).
* Earnings per share amounted to SEK 1.02 (0.10).
* Active player accounts were up at 6551 (6257 in Q3-2012).
* Optiwin OÜ received a final operating license for business in Estonia and opened offices in Tallinn.
* The group's Latvian company SIA Optibet acquired the Latvian company SIA Darta which owns a commercial property in Riga in which SIA Optibet operates. The purchase price for SIA Darta amounted to Euro 1,575,000.
* The company's Swedish group headquarters was moved from Stockholm to Sigtuna. This resulted in the CEO and CFO, respectively Claes Hallén and Andreas Helsing, agreeing to depart in 2014 with severance packages.
Braathen said that with the sale of Redbet, the company has created a strong platform for focused and successful growth in the Eastern European online gambling markets. All gaming activity would now be centred under the Livonia Gaming subsidiary, which itself heads a group that includes wholly-owned licensed subsidiaries in Tallinn, Riga and Malta, and employs approximately 110 employees, including 50 at operational headquarters in Riga.
These activities are currently conducted under the brands Optibet and Gold Club Casino.
The focus on the Eastern European markets has resulted in the company doubling its staff in Riga, Latvia.
"It is my opinion that we possess a good position to take advantage of the business opportunities we see in these markets, and I eagerly look forward to the cooperation with our management team are now given the ability to deliver future value to our shareholders," said Braathen.
Expanding further on the upcoming departures of Hallén and Helsing, Braathen said that they would leave the company after the 2014 agm in May next year.
"Nordic Leisure and its subsidiary Livonia Gaming, the holding company for the activities of operating subsidiaries in Estonia, Latvia and Malta, has moved its Swedish office from Stockholm to Sigtuna," Braathen explained.
"The time was ripe for a reorganization of the management team. After the divestiture by Redbet, we are now entering a new phase, and develop our existing brands with a clear focus on major markets in the former Soviet Union.
“I would like to thank both Claes Hallén and Andreas Helsing for their work and excellent contributions to the company. "
Hallen who has been CEO of Nordic Leisure AB since 23 May 2012, and is member of the board said that the group's gaming operations are profitable and growing, and that it was time for him to step down. He said he would actively participate in the search for a new CEO for the group, where he would continue to serve on the board.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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.