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Archive for October, 2011

888 Releases Third Quarter Results

October 31, 2011 Leave a comment

Online gambling company 888.com has announced its third quarter financial results, showing the highest quarterly revenue in the company’s history.

Commenting on his company’s results, 888 Deputy Chairman Brian Mattingley said:

“The continuing focus on our core competencies has led to another excellent quarter, and the highest quarterly revenue ever achieved in 888’s history. Our compelling offering and successful marketing campaigns have helped to build on our outstanding first nine month performance and drive player numbers to record levels. Strength across all of our platforms leaves us well positioned for the future.

Trading has continued to be strong into the fourth quarter, and as such we expect that clean EBITDA for the financial year ending 31 December 2011 will be significantly ahead of current market expectations.”

Key financial indicators for the third quarter were:

  • Revenue B2C at US$74 million (Q3,2010: US$51 million), an increase of 45%

  • Revenue B2C Casino at US$37 million (Q3,2010: US$27 million), an increase of 41%

  • Revenue B2C Poker at US$18 million (Q3,2010: US$8 million), an increase of 120%

  • Revenue B2C Bingo at US$13 million (Q3,2010: US$13 million), an increase of 6%

  • Revenue B2C Emerging Offering at US$5 million (Q2,2010: US$4 million), an increase of 40%

  • Number of active customers B2C Casino and Poker at 442,000, an increase of 167% compared to Q3,2010

  • Number of active customers B2C Casino at 200,000, an increase of 173% compared to Q3,2010

  • Number of active customers B2C Poker at 307,000, an increase of 166% compared to Q3,2010

  • Quarterly revenue B2C per active Casino and Poker customer was US$126, a 40% decrease compared to Q3,2010, a result of significant expansion in new customer recruitment coupled with a significant, but slower, revenue increase

  • Quarterly revenue B2C per active Casino customer was US$187, a 48% decrease compared to Q3,2010, a result of significant expansion in new customer recruitment coupled with a significant, but slower, revenue increase

  • Quarterly revenue B2C per active Poker customer was US$59 a 17% decrease compared to Q3,2010

B2B division Dragonfish reported revenue at US$12 million (Q3,2010: US$9 million), an increase of 28%.

For the nine months ended 30 September 2011, 888 reported:

  • Group Revenue up 26% to US$240 million (2010: US$191 million)

B2C

  • Revenue B2C up 27% to US$205 million (2010: US$162 million)

  • Revenue B2C Casino up 24% to US$106 million (2010: US$86 million)

  • Revenue B2C Poker up 51% to US$42 million (2010: US$28 million)

  • Revenue B2C Bingo up 13% to US$41 million (2010: US$36 million)

  • Revenue B2C Emerging Offering up 32% to US$16 million (2010: US$12 million)

  • Dragonfish revenue B2B up 20% to US$35 million (2010: US$29 million)

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Categories: Casino, Gambling News

Srok wins first leg of Sky Poker Tour

October 30, 2011 Leave a comment

This season’s Sky Poker Tour kicked off in style with Nottingham’s Dusk Till Dawn poker club playing the gracious host for the opening leg. The main-event was a £220 six-max, 180-cap affair with 194 runners taking part in total once all of the alternates were accoounted for.

A star-studded affair, a host of the leading Team Sky Poker Pros were amongst those competing with names like Julian Thew, James Williams (winner of last years Sky Poker Tour Grand Final) and Darren Stanley all in attendance.

Starting with 15,000 chips, play began on Saturday afternoon and it took until late Sunday evening before the final hand was played out.

Going into the heads-up battle the two men left with all of the chips were online qualifier, Mariusz Srok and Basharat Mahmood. Srok held the substantial chip lead after almost single handedly eliminating the final table, claiming three out of a possible four scalps. Once heads-up, it wasn’t too long before he added a fourth and final after all the money went in on a flop of Q93 and Sroks’ AQo held up versus Mahmoods J9o.

The victory earned Srok £12,675, while Mahmood took home £7,410 for his runner-up spot.

Here’s how the final table finished up:

1. Mariusz Srok – £12,675
2. Basharat Mahmood – £7,410
3. Paul Green – £4,446
4. Shaun King – £3,120
5. Ben Nuttall – £2,340
6. Richard Horton – £1,755

Srok’s win puts him top of the 2011/12 Sky Poker Tour leaderboard, with the eventual winner at the close of the season earning a Team Sky Poker membership, plus their buy-ins paid, for each of next seasons Sky Poker Tour events.

The next stop on the Sky Poker Tour is Newcastle, where the Aspers Casino plays host to a special £110 low buy-in, one day main event.

 

 

 

 

 

 

 

 

 

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Categories: Online Poker

Just Treats This Halloween for Europa Casino Players

October 28, 2011 Leave a comment

Players at Europa Casino won’t have to worry about any tricks this Halloween, as they’ll have a chance to cash in on a special €5 free bonus for players who make their first deposit between October 27-November 9.

Claiming the bonus is quite simple as players just make their first desposit and then contact Europa customer support and mention the bonus code “treat”, with the bonus then added to their account.

The bonus is also on top of the usual welcome bonus that players get; CasinoTop10 users can get a special 200% up to $2,450 welcome bonus when they sign up and make their first deposit at Europa.

There’s even more Halloween fun to be had at Europa, including a new “Halloween Fortune” slots game with ghosts, pumpkins, witches, and other Halloween-themed graphics and characters.

The 20 line slot also features a Dollar Ball side game with a progressive jackpot and a Witches Brew bonus feature that awards free games and spins.

Slots fans at Europa also can try their luck at some of the biggest online progressive jackpots such as Beach Life (with a jackpot that has now topped the $4 million mark) and Marvel Ultimate Power (now above $1 million and climbing).

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  • Categories: Casino, Gambling News

    Europa Casino Offers Halloween Treat to Players

    October 27, 2011 Leave a comment

    Europa Casino is celebrating Halloween by offering a special treat for players in the form of a free €5 bonus for new players on their first deposit.

    To claim the bonus players need to make their first deposit at the online casino anytime between October 27-November 9, contacting Europa’s customer support department after the deposit is made and mentioning the bonus code “treat”.

    Once that’s done, the free €5 bonus will be added to the player’s account and can be used to play slots as well as a host of other casino games.

    Europa is also releasing a special “Halloween Fortune” slots game to celebrate Halloween, which is a 20 line slot filled with sexy witches, glowing pumpkins, and plenty of other Halloween-themed graphics.

    Players at Europa can also take a shot at the very popular Beach Life progressive slots, which has just passed the €4 million mark and is far overdue for a big jackpot hit.

    The special Halloween “treat” bonus is also in addition to the welcome bonus that new players are eligible for, with GamblingPlanet.org users getting an exclusive 200% up to €2415 matching bonus on the first deposit they make at the casino.

    Categories: Casino, Gambling News

    Boatman falls short in San Remo

    October 27, 2011 Leave a comment

    Hendon Mobster’s EPT dreams end in fourth

    Barny Boatman’s lifelong wait for a major title came agonisingly close to ending this week, as the Hendon Mobster and British legend narrowly missed on out EPT glory in San Remo.

    Boatman, who hasn’t won a live event since 2006, finished fourth in the €4,600 Main Event, losing out to eventual winner Andrey Pateychuk when his three’s failed to outdraw the Russian’s Queens.

    The €225,000 payday was Boatman’s biggest by some margin, and he thanked everyone for their kind words throughout the final table, with many of the UK’s biggest names taking to Twitter to voice their support.

    But it was on Twitter that Boatman’s harshest critic, American Kevin MacPhee, voiced his anger at the Brit’s playing style, after Boatman sent MacPhee packing in eighth place.

    A short-stacked MacPhee, looking to become the first ever two-time EPT champ, folded the opening orbits before making a play from the small blind with 6c-5h. Shoving into Boatman’s big blind, the American was shocked to see a call from Qs-7s, and let loose on Twitter afterwards, labelling the Brit ‘f***ing retarded’.

    ‘Hi @KevinMacPhee You gave me a strong tell you were weak, though i may have called anyway. Retarded? If you say so. But no hard feelings eh?’ replied Boatman.

    MacPhee later apoligised for his ‘outburst’, claiming he was ‘steaming super hard’.

    Despite knocking MacPhee out, Boatman busted a few hours later, leaving Pateychuk to storm the closing stages. The Russian bust third-place finisher Daniel Neilson, before striking a deal with runner-up Dimitar Danchev.

    In the final hand, Pateychuk got it in behind with 7c-6s to Danchev’s 10s-9c on a 9s-4d-2h board, only to hit an unlikely runner-runner straight.

    Here’s how the final table finsihed up:

    1. Andrey Pateychuk €680,000
    2.
    Dimitar Danchev €600,000
    3.
    Daniel Neilson €285,000
    4.
    Barny Boatman €225,000
    5.
    Jan Bendik €170,000
    6.
    Yorane Kerignard €130,000
    7.
    Rocco Palumbo €95,000
    8.
    Kevin MacPhee €63,694

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    Categories: Online Poker

    32Red Gets Fixed Odds Games

    October 26, 2011 Leave a comment

    Latvia based gambling software developer CTXM has launched a series of fixed odds games for 32Red’s online casino.

    32Red Website Development Manager William Medling commented on the games, saying: “32Red’s philosophy is simple – we want to give players a gaming experience to remember. The website at 32red.com is geared towards delivering the best online casino experience available from the moment players arrive at the site. CTXM’s portfolio of games were the perfect fit for this philosophy, adding 21 quality games to our fixed odds games arcade.”

    A CTXM spokesperson also commented on the agreement, saying: “CTXM fixed-odds games enhance the gaming experience by using cutting-edge, unique designs to emulate real sports games. CTXM’s Pachinko style games in particular are very popular.”

    Categories: Casino, Gambling News

    Should the UK do away with the White List?

    October 25, 2011 Leave a comment

    The Black Friday indictments sent reverberations across the online gambling world. It impacted the industry across the globe, not just in the United States. Since the indictment, the companies involved have come under more scrutiny and as a result, we have learned that Full Tilt Poker wasn’t engaging in the best business practices (to put it lightly).

    At worst, Full Tilt was running a Ponzi scheme to defraud its customers. At best, they mismanaged their funds and ran out of money to cover what is owed to players. In either case, the customers are kind of out of luck, unless they can win a lawsuit (assuming Full Tilt is ever able to pay the suit). Alderney has stripped Full Tilt of their licenses and is reviewing their own practices.

    Full Tilt was part of the UK’s White List, which allowed it to operate there without any regulation from the UK government. Now because of the problems with the poker room, there is a major push to do away with the White List, which essentially has the UK trusting other government regulators to do their job, and oversee the industry on their own. But is it a good idea?

    Most online gambling operators oppose the idea for the simple reason that it will cost them money. They are currently able to operate in the UK tax-free, but are taxed and regulated wherever they are located. If the UK regulates them as well, they are being taxed again while not gaining any new business. If the casinos lose money, it might hurt the players. Businesses usually pass new costs on to the consumer. In this case, they might do it by getting rid of some of their best bonuses and promotions. Deals like allowing customers to use casino play slots for free could become a thing of the past.

    On the other hand, if UK gambling customers feel safer with their own government doing the regulation, it could be a good thing. While the overseas regulators have been trusted so far, Alderney clearly dropped the ball by not noticing Full Tilt’s problems. So what do you think?

    Tags: Full Tilt Poker, UK gambling, UK White List

    Categories: Casino, Gambling News