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 Excellent Q2 Earnings
Veteran British online gambling group Sportingbet.com has released a set of impressive second quarter results to complete a robust half year of operational success in a difficult market.
Highlights of Q2 performance include a significant 131 percent rise in pretax profit, and a solid start to trading in the third quarter, with demand for its betting products continuing. The company said trading in the first four weeks of February was strong, with revenue up 17 percent on the same month last year, driven mainly by the strength in European sports betting.
"Whilst there are some signs of the economic downturn impacting upon some areas of our operations, such as Australian higher staking telephone business, our overall performance remains encouraging," Chief Executive Andrew McIver said in presenting the results.
For the quarter ended January 31, the company posted a pretax profit of GBP 8.3 million compared with GBP 3.6 million in the corresponding period a year ago, with net gaming revenue up 6 percent to GBP 43.6 million.
Sportingbet said operating profit was up by 35 percent to GBP 10.1 million in Q2, which eneded on January 31st 2009. The operating profit margin is now at 23 percent.
For the half-year, net gaming revenue was GBP 82.5 million, up 15 percent, with pretax profit up a remarkable 500 percent at GBP 13.2 million, compared to GBP 2.2 million the previous year.
H.2 operating profit was up by 39 percent to GBP 16.2 million with adjusted fully diluted EPS up 32 percent to 2.9p.
The firm had net cash of GBP 27.3 million at the end of Q2.
Andrew McIver said: "Quarter two concluded a robust first half of the financial year, with operating profit in the six months growing 39 percent to GBP 16.2 million. The Group's balance sheet remains strong with net cash of GBP 27.3 million.
"Demand for our market leading sports betting product continues to grow. Whilst there are some signs of the economic downturn impacting upon some areas of our operations, such as Australian higher staking telephone business, our overall performance remains encouraging. The third quarter has started strongly and the Board remains cautiously optimistic for the full year outcome."
Wagering on sports betting in Europe over the period achieved year-on-year growth of 10 percent, reaching GBP 234.3 million. Casino and gaming contributed a further GBP 10.9 million, and poker GBP 5.3 million.
Football continues to dominate Sportingbet’s business, representing 62 percent of group sports revenue and 74 percent of European sports revenue over the quarter. The company’s core markets of Spain and Greece also continue to perform well, with revenues up 16 percent and 83 percent respectively. The company said the Spanish market was showing a marked improvement since being brought in-house.
The results indicate that Australian horse racing operations accounted for 15 percent of group sports revenue and 96 percent of the group's Australian sports revenue. New state taxes and product levies impacted post-tax revenues, which fell by 8 percent year-on-year to GBP 4.5 million. The company expects this to be offset by the positive impacts on the Internet business as a result of the relaxation on sports betting advertisements across the country’s leading racing states of New South Wales and Victoria.
Sportingbet has obtained a licence in South Africa for online sports betting, currently the only legal gaming product available in this market. It will also launch a Romanian language website in the third quarter of 2009 to capitalise on the high growth rates currently being seen in its Eastern European markets.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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.