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.
Will Hill and Playtech together in joint deal
Starting the week off with a resounding bang is the news that two major listed companies on the London stock exchange, UK gambling group William Hill plc and online gambling software provider Playtech plc, are to combine in a new venture branded William Hill Online headed by ex- Leisure and Gaming CEO Henry Birch.
William Hill will control and operate William Hill Online, which will remain a consolidated subsidiary, with Playtech's share of profits shown as a minority interest.
On a pro forma basis for the year ending 31 December 2008, William Hill Online is expected to generate net revenues of GBP 190 million and EBITA of GBP 75 million. Net revenues are targeted to grow by more than 50 percent between 2008 and 2010. In 2009, focus will be on net revenue growth with margins maintained. In 2010, focus will be on continued net revenue growth and improving margins.
The transaction is expected to require limited upfront cash with capital expenditure, transaction costs and integration costs of approximately GBP 24 million.
The move will come as a disappointment to Will Hill's software provider Cryptologic which has apparently not been included in the deal. Will Hill boss Ralph Topping commented some months ago that he had major plans to expand the group's online gambling involvement, perhaps ultimately resulting in a substantial proportion of group revenues being derived from this source.
Commenting on the deal this week, Topping said: "This transaction is a transformational step for William Hill consistent with our stated strategy to increase online gaming and international earnings. William Hill Online will be the leading European online gaming and sports betting business and the clear online leader amongst UK land based gaming and betting operators.
"The transaction generates significant shareholder value and enhanced growth prospects for William Hill."
The venture sees the creation of a powerful online casino, poker and sportsbetting firm branded William Hill Online, which will acquire affiliates of Playtech plc, with the software provider initially holding a 29 percent share and William Hill plc owning 71 percent. Playtech software will be used in the five year exclusive venture.
Playtech will acquire certain online gaming marketing assets, businesses and contracts from affiliates and other third parties for up to GBP 144.5 million in cash and sell the majority of the assets to William Hill in return for its 29 percent stake in William Hill Online. The software provider has the option to lift its stake to 32 percent if certain conditions are met.
The unidentified (Playtech) purchased assets will bring "online marketing and customer retention expertise, an extensive affiliate network and established European customers and profits to the deal" a joint statement advises. "In addition, the employees of the purchased assets have experience and knowledge in the operation of Playtech gaming software." This will make William Hill Online the leading European online gaming and sports betting operation.
William Hill has the option to buy Playtech's stake on an independent fair value basis, exercisable after four and six years.
Playtech has the right to receive a portion of the option proceeds in William Hill shares, not exceeding 10 percent of Will Hill's outstanding share capital at the time of issue.
The five-year deal will give William Hill access to Playtech’s online casino and poker technology, and will see a major boost to Playtech's rapidly growing iPoker network.
Henry Birch, an experienced online gambling executive who previously served as CEO at the Leisure & Gaming land and online gambling group, has been appointed as Chief Executive Officer of the new company. Other members of the executive team will be Eyal Sanoff as Chief Marketing Officer, Peter Marcus as Chief Operating Officer and finance and legal functions provided by William Hill.
A statement from the parties said that the transaction is expected to be earnings positive in the first full year of ownership, and significantly accretive going forward.
The Will Hill-Playtech agreement combines two complementary businesses. William Hill Interactive brings strength of brand, sports betting expertise and an established UK customer base and profit stream to the table. The as yet unidentified Playtech "purchased assets" bring online marketing and customer retention expertise, an extensive affiliate network and an established European customer base and profit stream.
For the six months ended 1 July 2008, the "purchased assets" repeatedly referred to in the agreement generated net revenues of GBP 26 million and pro forma EBITA of GBP 8 million the new partners have revealed.
In addition, access to Playtech's software network is expected to provide greater liquidity for online poker and lead to increased customer retention, customer reactivation and player lifetime values. The Orbis sportsbetting software platform, which will be used for the sports betting business, remains on track for implementation in late November 2008.
In a seperate statement, Will Hill said that revenues were being maintained despite the increasingly bad UK economic news. In the 15 weeks to October 14, gross win climbed by 9 percent compared with the same period a year ago.
“This is a solid operational performance by the Group since the half year, demonstrating the resilience of the business against a challenging economic environment; to date we see little evidence that our business has been impacted by the economic downturn,” chief executive Ralph Topping said.
“With nine months of the year completed, and notwithstanding that comparatives become tougher over the final quarter, the board remains comfortable with market expectations for the group.”
Retail gross win climbed by 10 percent, with gaming machines posting a 14 percent rise and over the counter betting a 7 percent rise.
Interactive betting gross win, which includes online gambling, climbed by 21 percent, while that of telephone betting, which accounts for about 4 percent of revenues, was up 30 percent.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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.
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.