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.
William Hill 19 percent fall in Q1-2015
Thursday April 23,2015 : WILL HILL REPORTS FIRST QUARTER PROFIT DECLINE
19 percent fall in Q1-2015 operating profits following increased taxation and poor sports results.
Online and land gambling group William Hill plc reported a decline in operating profit Thursday, posting a 19 percent decline due to GBP 20 million in additional taxation and sports results that favoured the punters.
The company saw operating profit shrink by GBP 16 million in the 13 weeks to March 31 as it started to feel the pain of the UK point of consumption tax on online gambling income. Cost of sales increased to 22 percent of net revenue (Q1 2014: 9 percent) following the introduction of the UK POCT.
Group net revenue grew by just 1 percent in the quarter as the sports betting division suffered its largest ever loss-making week in January at GBP 14 million following a series of punter-friendly results.
The usually buoyant online revenue growth of 9 percent was almost wiped out by higher costs and taxes.
Nevertheless, the company reported continued strong growth in mobile gaming, up 48 percent and now comprising 37 percent of gaming net revenue.
The Will Hill results follow similarly disappointing Ladbrokes postings earlier this week (see previous InfoPowa reports).
Key highlights of the Hill quarterly include:
* Group net revenue up 1 percent.
* Operating profit down GBP 16 million (-19 percent).
* Additional GBP 20 million cost from Point of Consumption Tax (POCT) and 5 percent increased rate of Machines Games Duty (MGD).
* Continued strong growth in mobile gaming, up 48 percent and now comprises 37 percent of gaming net revenue.
* 11 percent growth in Sportsbook net revenue.
* Gaming net revenue broadly in line with internal expectations at +8 percent, with Casino up 10 percent, Bingo up 8 percent but Poker down 32 percent.
* Operating costs were 11 percent higher, in line with expectations.
* William Hill brand launched in Australia: migration of Sportingbet customers successfully completed.
* William Hill US continues to deliver strong wagering growth of 30 percent, but gross win growth was flat as sporting results, driven by the Super Bowl, were less favourable than in 2014.
* Gaming machine 'GBP 50 Journey' implemented as planned by 2 April 2015.
* The report flags the UK Chancellor's latest budget speech, in which he announced his intention to introduce a 'racing right'. No further detail on the intended structure or rate has been provided.
CEO James Henderson said that after a weak January the group saw improved wagering trends over the remainder of the quarter, with online wagering up 20 percent in February and March, and 29 percent for the Cheltenham (horse racing) festival.
"Gross win margins were below our expected trading range for what is typically a stronger quarter, impacted by - amongst other things - our largest ever loss-making week in Week 3," he said.
Henderson said that the group's international strategy continued to make progress, with the migration of Sportingbet punters to the William Hill.com.au site and more than 85 percent of migrated punters continuing to bet.
"Looking forward, as the end of the football season draws closer, we have not as yet made up the shortfall arising from the GBP 14 million loss in Week 3 given the relatively weak first quarter sports betting margin," he said.
Henderson added that good progress is being made on key projects, including the in-house development of a responsive design front-end through Project Trafalgar; an enhanced bonus engine to further increase the competitiveness of the proprietary Vegas casino platform; and the completion of the Eclipse machine roll-out in Retail.
In Australia, quoted on a local currency basis, wagering reduced 20 percent, primarily affected by the reshaping of the client base following increases in race field fees in July 2014.
Net revenue fell 8 percent as the improvement in the gross win margin from 8.7 percent to 10.2 percent did not fully offset the wagering decline, and free bets increased as planned following the launch of the William Hill brand.
Cost of sales was 6 percent higher, including higher race field fees, whilst operating costs were 4 percent lower, with the expected higher marketing costs offset by synergies from the tomwaterhouse.com integration in April 2014.
Operating profit was down 37 percent.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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.