888 Earnings Soar, Will Probably Pay Dividend for Fifth Consecutive Year

888 Earnings Soar, Will Probably Pay Dividend for Fifth Consecutive Year

It’s really a time that is good be a shareholder of 888 Holdings once the company announced Wednesday profits jumped 82 percent and they will yet again be paying a dividend.

888 Holdings leader Itai Frieberger made the announcement that the company had been paying investors a dividend for the 5th year that is consecutive.

The stock rose seven percent on the London Exchange and reached an 11-year high.

Experts are extremely bullish on the company. Investec analysts rated the stock a buy.

‘Given 888’s size and technology that is superior, as well as the growing Sport product vertical, we respect 888 as either a consolidator or key potential take-out target,’ the business wrote in a note.

Dividends Incorporating Up

It is the 5th year that is consecutive will view aristocrat pokies download for android a return from the company. They truly are recommending a dividend that is final of cents per share along with yet another one-off 10.5 cents per share for 2016.

‘Thereis no point sitting on the cash,’ Chief Executive Itai Frieberger told Bloomberg News. ‘we don’t get any value on that if we do. We are relatively small and we now have enough to do what we want to do.’

The payout was authorized by the strong performance regarding the sportsbetting and casino divisions.

Stumbles Not Falls

There have been a couple of hiccups last year, but not enough to affect overall performance of the online gaming group.

In August a deal to acquire William Hill was re Continue reading “888 Earnings Soar, Will Probably Pay Dividend for Fifth Consecutive Year”

Mohegan Sun Pocono Adds to Troubles with $70,000 Underage Gambling Fine

Mohegan Sun Pocono Adds to Troubles with $70,000 Underage Gambling Fine

In the incident that is latest to affect the controversial resort, the Mohegan Sun Pocono was hit with a $70,000 fine for five separate incidents of underage gambling.

The Mohegan Sun Pocono was fined $70,000 for five separate incidents of underage gambling.

The Pennsylvania Gaming Control Board unanimously authorized the fine within a meeting that is monthly added $2,500 in costs to the penalty.

Casino officials reacted quickly towards the allegations before the judgment was made. They remodeled the facility, reducing the true wide range of entrances from 14 to four and narrowed the width making it easier to monitor visitors comings and goings. They also fired four employees and retrained other workers on preventing underage gambling and drinking.

A Few Violations

The incidents occurred between and September and involved five people, including three teenagers june.

One had been a 20-year-old man who played a slot machine. He eluded security on that visit but was recognized on an outing that is subsequent.

Another had been a 15-year-old girl who is at the slot machines in August. A 20-year-old man won $200 playing roulette on the next day. The occasion that is final in September when a 12-year-old woman and 17-year-old child were on the gaming flooring with their mother.

Latest Troubling News for Resort

This had been the time that is ninth Mohegan Sun has finalized a permission agreement because of the ga Continue reading “Mohegan Sun Pocono Adds to Troubles with $70,000 Underage Gambling Fine”