debt

Luckbox posts $3M loss in H1 but increases product offering, remains free of debt as it targets expansion – uBetMobile.com

Dave Petchy 1 week ago

[ad_1] Luckbox posts $3M loss in H1 but increases product offering, remains free of debt as it targets expansion – Yogonet International Online gaming business Real Luck Group, parent company of esports, sports, and casino gaming provider Luckbox, has shared its financial results for the first half of the year. The company recorded a net loss of about CAD 4 million ($3 million) for the period, of which almost CAD 2 million ($1.5 million) was accumulated in Q2. However, in terms of its product offering, the company concluded the period ended June 30 with over 700 games from six providers on the newly launched Luckbox Online Casino, an increase of over 66% in games content since the end of March 31, 2022. Despite the losses, Luckbox remains free of debt and has a positive balance of CAD 10.6 million ($8.1 million), which CEO Thomas Rosander said could amount to “enough capital” to execute on the company’s growth strategy. “During the second quarter of 2022, the company finalized its platform in anticipation of the next phase of the company’s growth – acquiring and monetizing players,” Rosander also pointed out. “To support this transition, we continued to introduce more games and features to our Online Casino, a high-margin vertical designed to bring engaging content to our players and near-term revenue.” “Given our ambitious goals to become a tier one operator and to respond to player demand, we added over 300 games to our casino offering, proving that we can react and maneuver to […]

Caesars halts plans to sell Strip property amid improved Q3 revenue, debt reduction – uBetMobile.com

Dave Petchy 3 weeks ago

[ad_1] Caesars halts plans to sell Strip property amid improved Q3 revenue, debt reduction – Yogonet International Gaming and hospitality giant Caesars Entertainment has halted its plans to sell one of its Las Vegas Strip properties. Executives announced the decision in a call with investors, in which the company announced its third-quarter results. For the period ended September 30, the firm improved its revenue compared to the same time a year earlier. The operator reported net income of $52 million, or $0.24 per share, on revenue of $2.89 billion. During the same quarter in 2021, the gaming giant posted a net loss of $233 million, or $1.10 per share, on revenues of $2.69 billion. The company’s Las Vegas segment saw growth of 5.9% from the same period last year, amounting to $1.08 billion. CEO Tom Reeg announced the decision to not pursue a sale and to keep the Las Vegas portfolio intact on Tuesday, following a year of signaling to investors plans of possibly selling off a Strip resort. The executive noted that the market wasn’t favorable and the cash flow of the asset considered for sale continued to increase. “Despite us talking about how this was a discretionary process for us, it created an unnecessary overhang in the stock,” he said and apologized to shareholders, reports Las Vegas Review-Journal. The company never publicly specified which property it would sell off, although speculation largely centered around Flamingo and a potential $1 billion price tag. Tom Reeg. The sale of a […]

Holland Casino generates €353.4m for H1 2022, repays tax debt – uBetMobile.com

Dave Petchy 4 weeks ago

[ad_1] Holland Casino generates €353.4m for H1 2022, repays tax debt – Gambling Insider Holland Casino has taken €353.4m ($351.9m) in revenue for H1 2022, of which €82.8m came from Holland Casino Online.  Furthermore, the operator’s EBITDA was €40m, adding to the company’s 2022 recovery post-pandemic. This is despite coronavirus restrictions still hampering the Netherlands in the early part of 2022.   Holland Casino’s financial recovery has allowed it to repay €51.7m of tax debt accrued throughout the global pandemic.  In its half-year report, the operator has also reaffirmed its stance on prevention and compliance, pledging to report on these anti-gambling harm measures every six months.   Holland Casino’s Director of Operations Noël Leise said: “Fortunately, our loyal guests have found Holland Casino again en masse. And our committed employees do everything they can to ensure that they have a great time at Holland Casino.  “We also see that our online guests continue to appreciate our offer despite the increasing competition. We, therefore, expect a positive year for Holland Casino. Of course, that still depends on the corona developments in the autumn and how quickly we can have enough employees in the tight labor market.   Your Most Trusted Casinos for 2025! GoldmanCasino.com, Est: 2015 – Known only for being Fair, Trustworthy, Fast Paying and its selection of over 2750 remarkable best in class casino, slots, live casino and instant with games. We List Only the Most  Trusted Casinos Online – All Casinos Have Real Money & Demo Free Play Mode Available. 100% Verified RNG, […]

Intralot posts 3% H1 growth but still harbouring €508.7m debt – uBetMobile.com

Dave Petchy 2 months ago

[ad_1] Intralot posts 3% H1 growth but still harbouring €508.7m debt – Gambling Insider Intralot has announced the results of its H1 report, which saw the gambling company post an annual 3% revenue increase for H1 2022. The report shows Intralot made total gross revenue of €168.5m ($168.8m) for H1 2022, up €4.6m on last year. Meanwhile, EBITDA also increased by 1% to €55.1m in 2022. Breaking it down further, Intralot’s 2022 Q2 showed an annual revenue growth of 4%, totalling €88.7m on €85.1m for the year prior. So far in 2022, the main source of revenue has been driven by lottery games and sports betting divisions, which accounted for 64.1% and 15.7% of the total H1 revenue for this year. However, despite the positives, Intralot still has a net debt of €508.7m and its operating cash flow fell 19.2% to €41.4m. Furthermore, the report also showed a revenue drop in the US market of €5.9m, down 7% on last year, something Intralot says was boosted by a large jackpot in Q1 2021 – as well as higher merchandise sales. Overall, the report is steady for the Greek gambling company, which has shown steady growth over the last year in its H1 and Q2 results – in spite of losses in the US. Your Most Trusted Casinos for 2025! GoldmanCasino.com, Est: 2015 – Known only for being Fair, Trustworthy, Fast Paying and its selection of over 2750 remarkable best in class casino, slots, live casino and instant with games. We […]

Begin getting your self out of debt in 2023 with the Citi Diamond Most well-liked credit card | News and Gossip

Dave Petchy 2 months ago

#trending | Begin getting your self out of debt in 2023 with the Citi Diamond Most well-liked credit card – CNN.com – RSS Channel – HP Hero @ubetmobile Trending Article Base 1% None Redemption options Money again Money again Stability switch payment None 5% (min. $5) INTRODUCTORY OFFERS Stability switch 0%… 0% for 21 mos. (17.49% to twenty-eight.24% variable APR afterward) 0% for 12 mos. (17.49% to twenty-eight.24% variable APR afterward) Purchases 0%… 0% for 12 mos. (17.49% to twenty-eight.24% variable APR afterward) 0% for 12 mos. (17.49% to twenty-eight.24% variable APR afterward) The Citi Diamond Most well-liked Credit score Card is designed to help people who find themselves combating debt by offering a formidable 21-month introductory APR on stability transfers and a 12-month introductory APR on purchases. Nevertheless, the cardboard doesn’t offer any rewards or journey advantages, so it is best used as a brief-time period resolution for these in want of a lifeline. CNN Underscored reviews monetary merchandise corresponding to credit score cards and financial institution accounts primarily based on their general worth. We may obtain a fee by the LendingTree affiliate community in case you apply and are permitted for a card, however our reporting is at all times impartial and goal. Story highlights The Citi® Diamond Most well-liked® Credit score Card is designed to help people who find themselves combating debt New card holders get an introductory APR on stability transfers for the primary 21 months One huge drawback is that the cardboard would not have a rewards […]

Scholar debt has not all the time been a disaster. Here is what occurred | News and Gossip

Dave Petchy 3 months ago

#trending | Scholar debt has not all the time been a disaster. Here is what occurred – CNN.com – RSS Channel – HP Hero @ubetmobile Trending Article Base Scholar mortgage debt in the US has skyrocketed to over $1.6 trillion. Biden’s federal mortgage forgiveness plan offers as much as $20,000 aid, however is on maintain on account of authorized challenges. School prices have soared, and the trendy federal schooling borrowing system was created in the Fifties. Personal loans, stress to chop taxes and the Direct Mortgage program of 1992 have all contributed to the disaster. The Supreme Courtroom will hear arguments on the forgiveness program in June/July. CNN  —  Millions of Individuals have scholar mortgage debt, amassing to more than $1.6 trillion by the tip of final yr, in keeping with the Federal Reserve Financial institution of New York. It’s the results of a many years-lengthy explosion in borrowing coupled with hovering schooling prices. The Federal Reserve knowledge reveals individuals below the age of 30 are more more likely to have scholar mortgage debt in contrast with older adults – underscoring the crippling burden on one other era of Individuals. However the influence is multigenerational. Almost 1 / 4 of the excellent scholar mortgage debt is owed by Individuals who’re 50 and older. School graduates do earn more than those that do not need a level. In 2021, full-time staff age 25 and older with a bachelor’s diploma out-earned these with a high faculty diploma and no diploma by about […]

Governments goal medical debt with COVID aid funds | News and Gossip

Dave Petchy 2 years ago

#trending | Governments goal medical debt with COVID aid funds – ABC News: US @ubetmobile Trending Article Base Many U.S. cities are utilizing federal aid funds to erase medical debt. Somerville, MA, is spending $200,000 to clear as much as $4.3 million in debt, whereas Cook dinner County, IL, is utilizing $1.6 million to erase $240 million. Connecticut is proposing $20 million to erase $2 billion. Debt aid helps these struggling to pay and eases monetary stress. It will not tackle underlying systemic issues, nevertheless it can present aid. BOST0N — Millions of Individuals mired in medical debt face tough monetary choices each day — pay the debt or pay for lease, utilities and groceries. Some may even skip crucial well being look after concern of sinking deeper into debt.To handle the problem, an growing number of municipal, county and state governments are devising plans to spend federal coronavirus pandemic aid funds to eradicate residents’ medical debt and ease these debt burdens.The Metropolis Council in the Boston suburb of Somerville final month unanimously handed a decision to spend $200,000 of town’s $77 million in American Rescue Plan Act funding that would clear as much as $4.3 million in medical debt, stated Willie Burnley Jr., one of many metropolis councilors behind the hassle. As many 5,000 of town’s 80,000 residents may gain advantage.Cook dinner County, Illinois — which incorporates Chicago — Pittsburgh, New Orleans and Toledo, Ohio, are amongst more than a dozen communities which have set into movement or are […]

Wynn Resorts Sells $600M in Debt in Non-public Providing – uBetMobile – 2025

Dave Petchy 2 years ago

Wynn Resorts Sells $600M in Debt in Non-public Providing | Casino.org Posted on: February 10, 2025, 02:09h.  Final up to date on: February 10, 2025, 03:54h. Wynn Resorts (NASDAQ: WYNN) introduced that its Wynn Resorts Finance (WRF) unit offered $600 million price of company debt maturing in 2031 in a non-public providing. These bonds carry a coupon of seven.125%. Wynn Las Vegas. The corporate offered $600 million in debt to retire other bonds. (Picture: Eater Vegas) The casino operator is utilizing proceeds from that sale to start a young offer for WRF notes coming due in 2025. The remaining capital will probably be used to buy any of these bonds which can be nonetheless excellent and to pay charges and bills associated to the transaction. The Tender Offer is scheduled to run out at 5:00 P.M., New York Metropolis time, on February 15, 2025 until prolonged or earlier terminated,” in line with a press release issued by the gaming firm. “Holders who validly tender their 2025 Notes previous to the Expiration Time will probably be eligible to obtain $1,024.50 for every $1,000 principal quantity of 2025 Notes.” It’s normal apply for company debt issuers to offer compensation to bondholders when redeeming bonds earlier than maturity. Your Most Trusted Casinos for 2025! GoldmanCasino.com, Est: 2015 – Known only for being Fair, Trustworthy, Fast Paying and its selection of over 2750 remarkable best in class casino, slots, live casino and instant with games. We List Only the Most  Trusted Casinos Online – […]

Bitfarms pays $7.75m in cash to settle $21m BlockFi debt – uBetMobile.com

Dave Petchy 2 years ago

Bitfarms pays $7.75m in cash to settle $21m BlockFi debt – crypto.news @ubetmobile Canadian bitcoin mining firm Bitfarms has made a one-time cash fee of $7.75 million to settle a $21 million debt owed to bancrupt crypto lender BlockFi. As per a Feb. 9 press assertion, Bitfarms and BlockFi amended their earlier mortgage settlement to permit the crypto miner to settle the remaining principal and curiosity stability of $21 million owed to BlockFi for a one-off $7.75 million cash fee. The assertion indicated BlockFi had given Bitfarms’ US subsidiary, Spine Mining Options (BMS), a $32 million tools financing mortgage on Feb. 18, 2022. BMS owns and operates Bitfarms’ 20-megawatt mining facility primarily based in Washington. The corporate had used Bitfarms’ 6,100 Bitmain S19j professional miners as collateral for the mortgage, however the machines are actually free and clear after the mortgage compensation. In response to Bitfarms’ chief monetary officer, Jeff Lucas, the mortgage compensation reduces the crypto miner’s debt obligations from the $165 million it owed in June 2022 to only $25 million in lower than 9 months. These figures signify an 85% discount in the crypto miner’s debt burden in the 9 months. Lucas additionally mentioned the debt compensation, mixed with the restructuring and removing of Bitfarms’ capital expenditure obligations in December final 12 months, enabled the corporate to scale back its debt obligations, enhance liquidity, and increase its monetary flexibility. As well as, the CFO acknowledged that the corporate’s remaining debt, secured by new mining tools at its […]

Bitvavo will obtain 80% of DCG debt – uBetMobile.com

Dave Petchy 2 years ago

Bitvavo will obtain 80% of DCG debt – crypto.news @ubetmobile Bitvavo simply launched a press release saying that they anticipate to obtain no less than 80% of the debt owed to them by DCG.  In response to incoming reviews, Digital Forex Group at the moment owes Bitvavo, a well-known Dutch crypto buying and selling community, round $300 million (280 million euros). Based mostly on reviews, Bitvavo is now optimistic that they are going to obtain the settlement from DCG someday in the long run.  The dutch crypto change believes that the settlement shall be executed after growing a latest in-precept deal between DCG and its collectors. The assertion from Bitvavo partially says: “The outcome submitted to the courtroom quantities to an anticipated restoration rate of between 80-100%.” Earlier this yr, in January, the DCG proposed to make a 70% fee to Bitvavo’s debt. Nonetheless, the change rejected this proposal, highlighting that DCG may nonetheless make a full fee.  Since then, the duo has been making an attempt to determine a greater deal. The brand new settlement, with a restoration of 80 to 100%, was agreed upon between the duo. The recovered quantity needs to be paid in completely different varieties, together with cash, digital foreign money, and convertible preferred equity notes in DCG. Your Most Trusted Casinos for 2025! GoldmanCasino.com, Est: 2015 – Known only for being Fair, Trustworthy, Fast Paying and its selection of over 2750 remarkable best in class casino, slots, live casino and instant with games. We […]

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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Dave Petchy 2 years ago

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