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.
SPORTINGBET ANNUAL RESULTS RELEASED
Saturday October 8, 2011 : In-play betting and Aussie operations the stars in latest results
The international online betting group Sportingbet plc has posted its results for the fiscal year ended July 31, reporting EBITDA up by 11 percent to GBP 51.4 million pounds ($79 million).
Key highlights in the company's year included:
*Discussions are continuing with Ladbrokes regarding a possible offer for the entire issued share capital of the group and also with Gaming VC regarding a possible disposal of the Sportingbet’s Turkish language website
* Integration of Centrebet proceeding well and in line with expectations
* EBITDA for the year up 11 percent to GBP 51.4 million (2010: GBP 46.5 million).
* Amounts wagered up 4 percent year on year to GBP 2,054 million with NGR up 1 percent
* Amounts wagered online in Australia up 62 percent
* In-play continues to perform strongly - now 67 percent of European sports amounts wagered (2010: 61 percent) at an industry leading margin of 9.7 percent (2010: 9.3 percent)
* Solid start to new financial year: NGR up 17% in first two months
* Operating profit for the year increased 8 percent to GBP 38.1 million (2010: GBP 35.4 million).
* As at 31 July 2011, the group had GBP 180.2 million (2010: GBP 58.9 million) of cash and liquid resources on its balance sheet. After taking into account GBP 123.6 million held in respect of the acquisition of Centrebet; GBP 22.7 million (2010: GBP 18.2 million) of customer liabilities; GBP 4 million (2010: GBP 4 million) of bank loans secured on residential properties in the Channel Islands; and GBP 3.1 million (2010: GBP 2.5 million) of finance
leases, net cash at the period end stood at GBP 26.8 million (2010: GBP 34.2 million).
Andrew McIver, group chief executive, reported to investors: ‘’This has been a year of significant progress for the group both in terms of financial performance and corporate developments.
"We have delivered a strong set of financial results, and the benefits of operating across a broad geographical base were demonstrated with strong growth in our Emerging Markets division, Australia and some of our European territories, offsetting the economic weakness in Greece and Spain.
"With the acquisition of Centrebet in Australia and the passing of regulations in two of our largest European markets, Greece and Spain, Sportingbet is now well positioned to maximise the opportunities available to it as the global online gaming market continues to develop and regulate.
"The Group has had a solid start to the new financial year with NGR in the first two months 17 percent above the same period last year.’’
Amounts wagered on sports betting in Europe (incorporating the financial results for the Emerging Markets division) grew by 0.8 percent to GBP 1,174.6 milion (2010: GBP 1,165.1 million), earning NGR of GBP 109.5 million - down 1.9 percent year on year. On a like for like basis European sports
NGR was up 3.9 percent.
Online casino and gaming contributed a further GBP 44 million, and poker GBP 13.3 million, to both amounts wagered and NGR (2010: GBP 44.9 million and GBP 17.4 million).
Amounts wagered on Australian sports betting grew by 10.5 percent to GBP 822 million (2010: GBP 743.9 million), earning post betting tax NGR of GBP 37.2 million (2010: GBP 33.6 million). This growth excludes the Centrebet acquisition which was completed following the year end.
As a percentage of amounts wagered, the European and Australian sports NGR were 9.3 percent and 4.5 percent respectively (2010: 9.6 percent and 4.5 percent). However, amounts wagered and NGR are stated after a deduction for customer bonuses of GBP 20.3 million (2010: GBP 18.8 million).
Exceptional costs totalled GBP 10.8 million (2010: GBP 24.5 million) and related mostly to the acquisition of Centrebet International Limited and the possible disposal of the Turkish language website.
The Emerging Markets division again saw strong NGR growth up 56 percent driven by Sportingbet's Brazilian operation and the group's regulated South African operation.
Management reports that the continued increase in smartphone penetration has driven mobile usage to an average of around 15 percent on Sportingbet's more mature domains, with the take up varying widely from country to country. Those customers using smartphones tend to spend more across both online and mobile channels, and next year will see the introduction of Mobile Casino and Games by the group, which is expected to incrementally increase mobile revenues by the end of the next financial year.
"With regulatory change well under way in Europe we are confident that the increased advertising opportunities, improved payment processing and stable business platform this provides will drive profitable growth in the medium term," the company statement notes.
"The group has already started paying tax on its Spanish business at an estimated cost of around GBP 8 million per annum and will do so in Greece once the laws are clarified at an estimated cost of approximately GBP 4.5 million per annum.
"The discussions with Gaming VC on the disposal of our Turkish language website are continuing. Similarly, the discussions with Ladbrokes over a possible offer for the group are also continuing.
"Whilst the economic outlook remains challenging, our diversified business model across the different economic cycles of Europe, Australia and South America gives us confidence for the current financial year."
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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.