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.
WPT Q1 REPORTS NET LOSS OF $2.8 MILLION
The Nasdaq-listed WPT Enterprises, Inc. has released its Q1 2008 results, showing a 10 percent increase in overall revenues over the same period last year, but a $2.8 million net loss for the quarter.
Business highlights included the delivery of seven episodes of Season VI of the World Poker Tour television series; the premiere of Season VI on the GSN Network; continued progress in the development of the WPT China National Traktor Poker Tour and the launch of ClubWPT.com.
The company also reports its agreement with Cryptologic (see previous InfoPowa report) for the provision of a full suite of online casino games and the development of Spanish and German language online gaming sites, expected to go live by June 2008.
Online gaming revenues sank to $200 000 compared to $600 000 in 2007, reflecting lower levels of player activity on the Cryptologic network in the 2008 period versus the site operated by WagerWorks in the 2007 period.
Revenues overall increased 10 percent in the first quarter of 2008 to $5.0 million, compared to $4.5 million in the same period in 2007. The increase was primarily due to an approximate $900 000 rise in hosting and sponsorship revenues, primarily driven by international television sponsorship revenues that did not exist in the prior year period.
Domestic television license revenues were down at $2.1 million in the first quarter of 2008, (Q1 2007: $2.4 million). The decrease was due to lower per episode license fees under the GSN contract. However, international television licensing revenues increased 69 percent to $800 000 compared to $500 000 in the prior year with the increase due to lower than expected third party distribution costs.
Cost of revenues increased to $2.7 million in the first quarter of 2008 from $2.2 million in the first quarter of 2007. The increase was primarily a result of the delivery of seven episodes of Season VI in Q1 2008 versus the delivery of five episodes of Season V in the prior year period.
Overall gross margins were 46 percent in the first quarter of 2008 compared to 52 percent in the first quarter of 2007. The lower fees per episode under the GSN contract impacted domestic television licensing margins dramatically, inducing a drop to 6 percent (Q1 2007: 37 percent) The lower domestic television margins in the 2008 period were partially offset by increased margin contribution from international television and sponsorship.
Selling, general and administrative expenses increased to $5.5 million in the first quarter of 2008, compared to $5.3 million in the first quarter of 2007. Higher costs associated with the implementation of WPT's sales and marketing plans for its online gaming, WPT China and ClubWPT.com businesses were partially offset by a reduction in general and administrative expenses resulting from reduced headcount across the company.
The company reported a net loss for the quarter of $2.8 million (Q1 2007: net loss of $2.3 million.)
The positive news was that, as at March 30, 2008, WPT had no debt, and total cash, cash equivalents and investments in marketable securities of approximately $26.9 million.
“Our first quarter results reflect the delivery of seven Season VI episodes, increased international television and sponsorship revenues, and moderate progress in our online gaming and ClubWPT.com businesses,” said Steve Lipscomb, President and CEO of WPT Enterprises.
“The Company is focused on capitalizing on our three primary growth initiatives: real-money online gaming, ClubWPT.com and WPT China. We are excited about our prospects in 2008 and are confident in our ability to continue to expand the World Poker Tour brand, both in the domestic and international markets, and execute our strategic plan.”
Lipscomb said that revenues in the second quarter of 2008 are expected to be in the range of $5.5–$6.0 million. WPT also expects:
*To deliver the remaining eleven episodes of Season VI of the WPT television series in 2008: eight episodes during the second quarter and three episodes during the third quarter.
* Lower gross margins for domestic television on a year-over-year basis as a result of the terms of the agreement with GSN.
* To realise host fee and sponsorship revenues as WPT domestic episodes are aired during the second and third quarters of 2008.
* To launch Season II of the WPT China National Traktor Poker Tour and begin to reap revenue from China-related activities by the fourth quarter of 2008.
* Higher sales and marketing costs associated with the company's online gaming, ClubWPT.com and WPT China businesses.
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
Gambling News :
Local Florida Poker Pros Scam Marc Klang For $500k -
Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.
Super Multitimes Progressive HD Slot -
This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
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.