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.
Tipp24 Revenues up 16.5 percent over the year
Written On 3/31/11 By Jennifer Jearu :
German lottery provider Tipp24 has recorded record earnings for the financial year ended 31 December 2010. Consolidated revenue came in at Euro 104.4 million (up 16.5 percent year-on-year), the first time the figure has gone over Euro 100 million.
EBIT grew 31.3 percent to Euro 30.3 million.
Tipp24 SE posted the best result in its history in fiscal year 2010. Consolidated revenue grew by 16.5 percent to Euro 104.4 million (FY 2009: 89.6 million), and consolidated earnings before interest and taxes (EBIT) climbed 31.3 percent to Euro 30.3 million (FY2009: 23.1 million).
Consolidated net profit rose to Euro 19.6 million (2009: 17.5 million, and the company reported that available funds at the end of the year amounted to Euro 90.9 million.
In August last year, Management downgraded its original forecast for consolidated revenue from Euro 100 million to Euro 90 million and for EBIT from Euro 40 million to Euro 20 million.
In the German company's 'Abroad' segment, there was strong growth in revenue to Euro 103.7 million (2009: 88.5 million) and a corresponding rise in EBIT to Euro 40.2 million (2009: Euro 32.7 million).
German revenues reached Euro 3.1 million, down slightly from last year's 3.3 million. As a result, EBIT declined to a loss of Euro 8.8 million (2009: -Euro 11.3 million)
Tipp24 SE Management said it had to bear considerable running costs in Germany, mainly for administration and legal advice. Earnings were also burdened by start-up losses in the Skill Based Games division.
Business activities in Germany are still heavily restricted by the State Treaty on Games of Chance (Glücksspiel-Staatsvertrag - GlüStV).
Dr. Hans Cornehl, CEO of Tipp24 SE, reported: "The Abroad segment once again more than compensated for the negative effects of the GlüStV in Germany during 2010.
"After being forced to discontinue our German business in 2009 [see previous InfoPowa reports], the excellent overall development of business proves once more that Tipp24 is capable of generating reliable results in a frequently changing environment.
"In view of the current political signals, it appears realistic that we can soon return to the German market with a long-term perspective for the future.'
A company spokesman said that significant regulations enforced by the German State Treaty on Games of Chance are not applicable according to a ruling by the European Court of Justice. In September 2010, the ECJ had questioned Germany's monopoly regulations as they were neither coherent nor systematic.
The ECJ's doubts have since been confirmed by Germany's Federal Administrative Court and Federal Supreme Court. The verdicts of several recent principal proceedings in Germany have confirmed that as far as lotteries are concerned, in particular the obligation of brokers to seek permission from federal states, the prohibition of online gaming and the restriction and prohibition of advertising are all not applicable.
The country's federal states are currently discussing changes to the GlüStV; the Minister Presidents will convene again in April for an extraordinary conference, the spokesman noted.
Commenting on developments, Dr. Cornehl said: "The aim must be to create sensible and forward-looking conditions for the online brokerage of harmless lotteries, also on the Internet.
"A new, systematic and coherent State Treaty would mean that taxes and special-purpose duties which the German states have lost as a result of the current State Treaty, could finally be used once more for social and cultural institutions, as well as for popular sports. Tipp24 SE aims to make its own contribution again as soon as possible.
"Justifying the current lottery monopoly with the prevention of gambling addiction is neither credible nor necessary. There simply is no such thing as lottery addiction,” said Dr. Cornehl.
"This was proven by an enquiry conducted by the Administrative Court of Halle, amongst others, which questioned all guardianship courts and around 100 addiction clinics in Germany with regard to the relevance of lotteries in gambling addiction.
Tipp24 posted an optimistic outlook for 2011, predicting that revenue and EBIT will reach at least the levels achieved in 2010. The forecast takes into consideration uncertainties regarding negative statistical fluctuations and increased costs for re-establishing business in Germany of up to Euro 10 million.
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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.