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Optimal Payments plc boasts exceptional results

Friday March 28, 2014 :  GOOD 2013 PERFORMANCE FOR ONLINE PAYMENTS COMPANY
 
Optimal Payments plc boasts exceptional results.
 
Optimal Payments plc, an online financial processing company that includes Neteller among its subsidiaries, has posted what it boasts is an "exceptional" 2013 full year report.
 
Highlights from the report include:
 
* EBITDA up 89 percent to $52.2 million (2012: $27.6 million);
 
* Revenues up 41 percent to $253.4 million (2012: $179.1 million);
 
* Net Profit after tax $31.5 million (2012: $1.2 million).
 
The Neteller subsidiary recorded a significant turnaround in stored value business, with revenues up 54 percent to $59.8 million (2012: $38.8 million) as initiatives started in 2012 continued to deliver benefits.
 
The company's Netbanx straight through processing business achieved revenues up 39 percent to $193 million (2012: $138.9 million) with continued strong growth in Asia.
 
Group cash of $93.8 million (31 December 2012: $57.9 million) is available, with free cash of approximately $38 million (31 December 2012: $15 million)
 
Optimal reduced its loans liability to $9.5 million by year end 31 December 2013 (31 December 2012: $25.8 million) and has subsequently cleared all debts w.e.f. 28 January 2014 and is now materially debt free.
 
Management reports that strategic initiatives are progressing well:
 
* Principal membership with Visa Europe and MasterCard Europe has been granted enabling Optimal Payments to offer acquiring services to merchants in the European Union from the second half of 2014, and to benefit from competitive rates and increased market opportunity;
 
* New Neteller and Net+ products launched in the US in March 2014 and a US office has been opened;
 
* More US states including California, New York and Pennsylvania considering licensing online gaming following recent New Jersey, Delaware and Nevada regulation and rollout. Revenue impact depends upon the timing of the opening of individual states;
 
* Continued focus on identifying possible M&A candidates;
 
* Significant investment in people and technology planned in 2014, including payments services for regulated US online gaming, payment acquiring, mobile payment technologies and card issuing.
 
* Strong current trading and sales pipeline underpin prospects for further growth in 2014.



Gambling News :

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.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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