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.
3 new Acquisitions for Stride Gaming
STRIDE GAMING EXPANDS WITH THREE NEW ACQUISITIONS
London AIM-listed online gambling group acquires two online bingo enterprises and a marketing company.
The UK online gambling group Stride Gaming has announced the acquisition of rival online bingo operators Tarco and 8Ball, and marketing company Netboost Media for a total of up to GBP 70 million, as it continues to roll out its plan to double market share in the UK and become the fourth largest online bingo operator.
The group has agreed to acquire the assets of Tarco Limited plus the entire issued share capital of Netboost Media Limited (a marketing business that services the Tarco Assets) for up to GBP 40.2 million, and the entire issued share capital of 8Ball Games Limited for up to GBP 30 million.
The acquisitions will be partly funded by a placing of shares at 225p per share, raising GBP 27 million the company said Thursday; the remainder of the consideration will provided by the issue of new shares and from the company’s cash resources.
Shares in Stride closed at 285p Thursday night on the London AIM.
In a company statement Stride said that acquisitions are expected to enhance earnings in the first full-year of ownership, even before synergies kick in. Once the customary earn-out period, during which previous ownership is rewarded should the acquired businesses hit certain targets, Stride envisages achieving cost synergies of around GBP 2.5 million and revenue synergies of around GBP 3 million.
Since GAL Holdings, a substantial shareholder of Stride, is interested in the shares of Tarco and Netboost Media, while Stride directors Eitan Boyd and Darren Sims are interested in the shares of Tarco, the Tarco and Netboost Media acquisitions each constitute a related party transaction under AIM rules.
Tarco is an online bingo operator with a 3 percent market share of the UK online bingo market and has over 63,000 active players. In this part of the deal the initial consideration is GBP 16 million, of which GBP 7.7million will be paid in cash while the rest will be covered by the issue of shares.
The earn-out consideration could be as much as GBP 22 million, payable in a mix of 51 percent cash and 49 percent shares, the company revealed.
8Ball, an online bingo operator with a 2 percent market share of the UK online bingo market, has more than 60,000 active players.
It is being acquired for an initial consideration of GBP 12 million in cash, though that could rise to GBP 30 million as a result of earn-out targets. The GBP 18 million potential earn-out is payable in a mixture of cash and shares, with the first GBP 3 million to be satisfied in cash with the remainder being satisfied on a 40/60 cash/shares basis.
The company revealed it is also in discussions with a first tier bank for a GBP 8 million term loan facility which would mature four years from the date of initial draw-down.
"I am delighted by the proposed acquisition of these leading gaming companies, which expedite our ambition to build Stride Gaming into the market leader in the soft gaming vertical of the online gaming industry,” said Eitan Boyd, chief executive of Stride Gaming, noting that the 105 brands of the enlarged group will represent over 25 percent of the UK online bingo market from a number of sites perspective.
“With a medium-term objective to increase our market share to 15 -20 percent of the UK online bingo market, we will seek to expand our presence in existing verticals not only in the UK but also in international regulated markets, as well as look to enter into other soft gaming verticals such as online lotteries and scratch cards,” Boyd revealed.
The two groups being acquired by Stride generated a combined net gaming revenue of GBP 27 million in the 12 months to May 2016 and adjusted underlying earnings of GBP 4.6 million, giving an initial purchase price that is 6.5 times the blended EBITDA.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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.