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Sportech PLC VAT Claim Postponed
Monday November 2,2015 : SPORTECH VAT CLAIM APPEAL POSTPONED (update)
Lack of Judicial availability
Sportech PLC’s long-running GBP 97 million VAT claim appeal regarding its “Spot the Ball” game has been delayed “due to a lack of judicial availability”.
The Court of Appeal will schedule a new hearing date.
INTERTAIN ENJOYS STRONG THIRD QUARTER
Substantial organic growth.
Online gaming firm Intertain Group delivered robust third quarter results across all four of its online businesses this week.
Key performance indicators for the three month period ending September 30, 2015 include:
- Group revenue of CAD 119.5 million (Q3/2014: CAD 13.7 million).
- EBITDA of CAD 43.7 million.
- Generated CAD 41.5 Million in operating cash flows used to pay down debt and fund earn-outs representing an adjusted EBITDA conversion rate of 94 percent.
- Used operating cash flow generated during Q3 and cash on hand to repay CAD 10.6 million in senior term debt; purchase for cancellation 972,712 shares for $11.4 million; and set aside CAD 18.2 million to fund the earn-out associated with the Jackpotjoy business.
- Revenues from Intertain’s Jackpotjoy business amounted to GBP 40.7 million, up 21 percent (Q3/2014: GBP 33.6 million).
- The Vera&John business generated revenues of Euro 12.2 million, again up 21 percent over the same period 2014 (Q3/2014: Euro 10.1 million).
- Mandalay generated revenues of GBP 5.4 million for the quarter compared with GBP 4.7 million in Q3 2014, representing 15 percent growth.
- InterCasino generated revenues of USD 6.2 million, 9 percent up on Q3/2014’s USD 5.7 million.
“Q3 was the first full quarter of operations for Intertain with all four of our business segments working together to demonstrate the cash flow power of our combined company,” commented John Kennedy FitzGerald, President and CEO of Intertain.
“We continue to see substantial organic growth as we leverage our corporate and operating level management teams’ expertise to optimize the performance of our business.”
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.
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