Home Page Online Poker Rooms Casino Bonus Online Casinos Casino News Gaming News gaming News Gambling Articles World Series Of Poker No Deposit Bonus
Online Slots
        Gambling Affiliates     |     Gambling Guide     |    Slot Tournaments Finder     |     Poker Pros    |     Recentpoker Twitter
Online Casino
Biggest Casino Bonuses
$22 No Deposit Bonus
SlotsLV no deposit
Betonline Casino
$900 Signup Bonus
Betonline Bonus Code
Bovada Casino (Bodog USA)
$3000 Signup Bonus
Bovada Bonus Code
SlotsPlus Casino
$7000 SignUp Bonus
SlotsPlus First deposit bonus
$767 x2 Signup Bonus
Biggest Poker Bonuses
Bovada Poker (Bodog USA)
$1000 Sign Up Bonus
bovada poker bonus code
$88 No Deposit Bonus
888 Poker no deposit bonus
Party Poker
$500 Sign Up Bonus
PartyPoker no deposit bonus
BetOnline Poker
$900 Sign Up Bonus
Betonline Poker bonus code
USA No Deposit Bonus

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.


Bovada Casino Bonus Code

High Noon Casino no deposit bonus

Dismal third quarter for World Poker Tour Enterprises

World Poker Tour Enterprises released its performance figures for the third quarter ended September 28, 2008 this week, portraying a continued disappointing decline in revenues to $2.8 million, a marked decrease when compared with the same period in 2007, when $4.4 million was achieved.
CEO Steve Lipscomb said the decline was primarily the result of a decrease in domestic television license fees and lower domestic sponsorship fees.
Net losses also mounted to $2.5 million (Q3 2007: $2.2 million). Third quarter operating results included a $1.9 million non-cash asset impairment charge related to an investment in Cecure Gaming. Excluding this asset impairment charge, net loss was $2.5 million compared to $2.2 million in the same period in 2007. This was explained as primarily a result of lower revenues offset by lower expenses due to cost cutting measures.
Revenues in the first nine months of 2008 decreased to $12.9 million, compared to $16.6 million in the same period in 2007. Net loss in the first nine months of 2008 was $11.1 million compared to $7.8 million in the same period in 2007.
Business highlights for the quarter included:
* The delivery of three episodes of Season Six of the World Poker Tour television series
* The signing of a broadcast license agreement with Fox Sports Network to air 26 all-new, one hour episodes of Season Seven of the WPT television series in the United States, across FSN's national sports cable network.
* Continued progress in the development of and the WPT China National Traktor Poker Tour
* Continued cost cutting measures designed to right size operations.
Subsequent to the end of the quarter, WPT began airing a new poker program in collaboration with FSN focused on building awareness and driving traffic to the company's online subscription website,
WPT recently announced the termination of the WPT-branded online gaming website that will be completed in November. The cost implications of this early termination of its software agreement with Cryptologic are still to be revealed. Ironically, online gaming revenues rose modestly in the third quarter of 2008 compared to the third quarter of 2007, but this revenue source will be discontinued in the fourth quarter of 2008 due to the recently announced shut down of the website.
Domestic television license revenues were $0.9 million in the third quarter of 2008, compared to $1.4 million in the third quarter of 2007, which is due to lower per episode license fees under the Game Show Network agreement in effect during the 2008 period, as compared to the Travel Channel agreement which was in effect during the 2007 period.
International television licensing revenues decreased to $0.3 million in the third quarter of 2008 compared to $0.5 million in the third quarter of 2007, with the decrease due to lower fees associated with international distribution agreements.
Product licensing revenues decreased to $0.7 million in the third quarter of 2008, compared to $0.8 million in the third quarter of 2007. The decrease was primarily due to lower revenues from one customer in the current quarter as compared to the 2007 period.
Event hosting and sponsorship revenues in the third quarter of 2008 decreased to $0.7 million from $1.6 million in the third quarter of 2007, primarily due to no sponsorship revenues from one sponsor in the third quarter of 2008 and lower international sponsorship revenues in the 2008 period.
Other revenues in the third quarter of 2008 were higher than the third quarter of 2007 due to the addition of revenues from the subscription-based website in the 2008 period. In October 2008, FSN began airing, "ClubWPT", a new poker program focused on building awareness and driving traffic to
Selling, general and administrative expenses decreased to $4.5 million in the third quarter of 2008, compared to $5.7 million in the third quarter of 2007. Lower personnel-related costs in the current quarter were partially offset by a lease abandonment provision and costs to exit the WPT-branded online gaming website.
The Company performed an impairment analysis of its investment in Cecure Gaming in the third quarter of 2008 due to difficulties Cecure Gaming is having in obtaining capital to finance business development over the next several years. Third quarter of 2008 operating results included a $1.9 million impairment charge related to this investment.
The good news is that as at September 28, 2008, WPT had no debt, and total cash, cash equivalents and investments in marketable securities of $20.4 million, which included $10.2 million of auction rate securities ("ARS") backed by student loans, the majority of which are guaranteed under the Federal Family Education Loan Program.
However, as a result of the liquidity issues experienced in the global credit and capital markets, the auctions for all of the Company's ARS began failing in February 2008. The ARS continue to pay interest in accordance with the terms of the underlying security; however, liquidity will be limited until there is a successful auction or until such time as other markets for these ARS investments develop.
Based on September account statements received from the firms managing the ARS portfolio, the Company concluded that the value of its ARS has temporarily declined by $1.2 million as of September 28, 2008, a result of the current lack of liquidity. The $1.2 million unrealised loss is included in accumulated other comprehensive loss in stockholders' equity as of September 28, 2008.
WPT does not believe that the lack of liquidity relating to ARS will have an impact on its ability to fund its operations during the next twelve months.
Lipscomb says that the company continues to pursue three major businesses:
* Its emerging sponsor model of distributing the World Poker Tour television series,
* The online subscription business and
* WPT China.
"On the other hand, we are ending our online gaming business in November after disappointing returns. Of particular interest is our new collaboration with the Fox Sports Network to broadcast 13 one hour episodes of a new television series called `'. The only way that players can get onto the ClubWPT television show is to win a seat on our subscription-based website FSN is promoting through in-show sponsorship, in-show billboards, audio mentions, commercial inventory and website presence on the home page of Fox has also agreed to air 26 all-new one hour episodes of Season Seven of the World Poker Tour television series across the U.S. as a part of FSN's Sunday sports block in December."
Interestingly, it does not appear that WPT has entirely written off the possibilities of online gambling. Under its Fourth Quarter Outlook the company lists: "To launch the WPT China integrated online and mobile poker game in November and begin to recognize revenue from China-related activities" and "Increased costs associated with building and launching the WPT China integrated online and mobile poker game platform." 
It also describes the likely costs of exiting its Internet gambling agreement with Cryptologic as "minor", perhaps indicating that a quid pro quo involving the Asian prospects may have been reached.

Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.

Gambling News :

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

Novomatic has announced a legal action against Euro Games Technology - Online and land gambling equipment and games provider Novomatic has announced a legal action against Euro Games Technology Ltd., which it claims has unfairly created imitations of its slot games.

Starcraft ProLeague SHutting Down after 14 Years - Announcing the end of the road for the League, once pre-eminent in Asian eSports gaming, the Korean Esports Association blamed ethical scandals and competition for its decline in popularity.

Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

  Top 6 Poker Sites - Editor’s Pick
Poker Room
Bovada Poker
BetOnLine Poker
None Needed
None Needed
Fulltilt Poker Bonus Code Fulltilt Poker
None Needed
$10 ND
888 pacific poker 888Poker
None Needed
PartyPoker PartyPoker
  Top 6 Casino Sites - Editor’s Pick
SlotsPlus Casino
$20 ND
Bovada Casino
MapleCasino Bonus Code MapleCasino
None Needed
Free Spins
$22 ND
Buzzluck Casino
$33 Nd

Casino No Deposit Bonus Copyright © 2004-2016 | | All Rights Reserved. Copyscape Protected No Deposit Bonus Codes

Please Note : Gambing might not be legal in your area. We bring you as an information and gambling news site only. We hope that you find all the information and gambling news found in to your liking. Please tell your friends about us and visit us again soon.