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.
Shantech could become ISWI's controlling shareholder
The management at US gambling software company Interactive Systems Worldwide Incorporated (ISWI) was in high spirits this week as it announced the signing of a letter of intent with Shantech Incorporated that is a preliminary move toward a significant non-exclusive marketing and business development agreement.
Shantech will market ISWI's products internationally with an emphasis on particular Asian gaming markets in terms of the deal, and in addition will invest $2 million in ISWI in return for 20 percent of common stock up to 2.4 million shares. Shantech may also receive 50 percent warrant coverage for five years, which would be exercisable at a five percent premium to the closing market price six months after issuance.
Shantech's marketing and business development services will be rewarded by commission fees based on the revenues generated by its efforts. There are also incentive bonuses in ISWI equity, subject to shareholder approval, for achieving certain targets. These include generating at least ten million dollars in revenues with at least 25 percent in net profits over the first year or creating $30 million with 25 percent profits over the first 24 months.
ISWI stated that the combination of strategic investments and incentive bonuses, if achieved, would likely result in Shantech becoming a controlling shareholder.
ISWI's Chief Executive Officer Bernard Albanese commented: "This is an exciting day for ISWI. The proposed agreement is an opportunity to enter Asia's substantial and growing gaming marketplace. Suneel Sawant, the founder and Chief Executive Officer of Shantech, has an impressive track record of creating value through the development of meaningful strategic relationships in Asia."
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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.