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.
Opap severely impacted by retrospective tax
Tuesday May 31,2016 : OPAP HEAVILY IMPACTED BY RETROSPECTIVE TAX
And customers under economic pressure.
Greek gaming giant OPAP said it has been severely impacted by retrospective tax in its latest quarterly report for the three month period ending March 31, 2016.
The interim management statement reported a 4.4 percent drop in gross gaming revenues (GGR) to Euro 340.7 million (Q1/2015: Euro 356.3 million) impacted largely by a drop in sports betting which was partially counterbalanced by the performance of numerical games.
EBITDA remained flat at Euro 93 million (Q1/2015: Euro 93.2 million) controlled by cost cutting strategies. Accounting for the increase in taxes on GGR, adjusted EBITDA stood at Euro 78.8 million.
Other key performance indicators included:
Enhanced EBITDA margin of 27.3 percent (Q1/2015: 26.2 percent).
Net Profit amounted to Euro 52.8 million (Q1/2015: Euro 58.1 million), down 9.0 percent. Accounting for the increase in GGR contribution, adjusted net profit stood at Euro 42.8 million.
Sportsbetting gross gaming revenues dropped 14.1 percent to Euro 102.5 million from Euro 119.3 million Y-O-Y, attributed to a decline in its Stithima product..
Gross gaming revenues for Lottery increased 2.4 percent to Euro 201.1 million while Instant and Passives dropped 8.7 percent to Euro 37.1 million.
Strong cash position of Euro 343.2 million.
Additional distribution of retained earnings amounting to Euro 0.57 per share.
“As evident in official figures Q1 2016 was marked by persisting pressure on disposable income & private consumption, thus leading our games’ portfolio revenue to trend towards lower numbers on a y-o-y level,” chairman and chief executive officer, Kamil Ziegler, said.
“In addition, increased GGR contribution of 35% carried a severe impact on our reported numbers despite our ongoing efforts related to cost optimization, which would otherwise lead to stable operating profitability vs. the same period last year”.
OPAP said despite facing an increased tax base and having paid almost Euro 2 Billion in taxation over the past three years, it remains fully focused on its long-term plan which will benefit the Greek economy and society as a whole.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
South Africa Going After Illegal Gambling -
In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.
Global Poker League Championship Results -
#gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.
Yahoo DFS Gets Uk License -
#yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.
SPANISH GAMBLING MARKET CONTINUES TO GROW -
Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.
Novomatic Acquires Albanian National Lottery -
#Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.
2016 Massachusetts Gaming Commission Report -
Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.
Jack Lam denies bribe allegations -
Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.
Fonbet Gets Russian Betting License -
#Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.
New Attempts to Restore the Wire act -
In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.
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.