Club 2000 Online
Club 2000 Online Unibet have just released new video slot “Club 2000” a basic three reel, one pay-line slot, with twelve winning symbols. Club 2000 was one of the most prolific land based slot machines in the Dutch Bar and arcade market. Although very popular in Netherlands it will also be known in the Nordics and Eastern European markets. Play Club 2000 Here! You’ll love our new Club 2000 which offers a basic game slot and a club game slot. With points won in the basic game you can use the button “To Club Meter” or “Collect ” button on the Credit-meter and take a chance with the ‘Head’ or “Tail’ button, with a prize of 200 credits automatically to the credit meter. The mystery bonus is paid in both the basic and club games by achieving scatter combinations of the CLUB symbol, from left to right on consecutive reels. Enjoy Club 2000 reel holds, where you have the option to hold 1 or 2 reels following every spin. So try out this new traditional slot game only at Unibet! Tags: club 2000, club2000, EXCLUSIVE slots, fruitkasten club 2000, Unibet Filed under: News

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Greektown Holdings, L.L.C. Reports Fourth Quarter and Full Year 2013 Financial Results
Greektown Holdings, L.L.C. Reports Fourth Quarter and Full Year 2013 Financial Results DETROIT, Feb. 14, 2014 /PRNewswire/ – Greektown Holdings, L.L.C. (“Greektown” or the “company”) today reported financial results for its fourth quarter and full year ended December 31, 2013. Net revenues for the three months ended December 31, 2013 were $71.5 million compared to $76.9 million for the same quarter of 2012, a decrease of 7.1%. Net loss for the quarter was $9.7 million compared to $9.5 million a year ago, inclusive of $36.4 million of fourth quarter 2013 income resulting from the reversal of the company’s deferred tax liability associated with the previously-announced restructuring, and the resulting $42.1 million impairment of the company’s goodwill. Adjusted EBITDA(1) decreased to $12.4 million in the fourth quarter of 2013 from $15.3 million in the same quarter of 2012, exclusive of the $42.1 million goodwill impairment during the fourth quarter of 2013. For the year ended December 31, 2013, the company generated net revenues of $305.8 million, net loss of $30.9 million and Adjusted EBITDA(1) of $56.0 million, compared to net revenues of $331.7 million, net loss of $23.8 million and Adjusted EBITDA(1) of $75.9 million for the year ended December 31, 2012. Cash and cash equivalents were $37.2 million at December 31, 2013, compared to $49.4 million at December 31, 2012. The company’s borrowing capacity under its existing revolving credit facility was approximately $28.6 million at December 31, 2013. As of February 14, 2014, the company has $20.6 million of borrowing capacity.  The company has engaged an investment bank and expects to begin discussions with investors relating to potential refinancing transactions in the near term that, subsequent to the refinancing, could result in additional secured indebtedness of the company. The company can provide no assurance that any refinancing transactions will occur. The company’s management has identified various strategic initiatives which are expected to result in cost savings and operational efficiencies, as well as enhanced guest experience and additional revenue opportunities.  Management believes that these initiatives, which have commenced and will continue to be implemented throughout 2014, would have resulted in a run-rate impact of approximately $10-$15 million of additional EBITDA for the year ended December 31, 2013.  Additionally, the company intends to commence a significant renovation of its casino, which will result in improvements to the floor plan, gaming equipment, amenities and overall guest experience. The company expects to invest approximately $125-$150 million to complete these renovations over 18-24 months from the time of commencement. The renovation is subject to available debt and equity financing and operating cash flows, and the company can provide no assurance that it will be completed within the expected time frame or at all. In February 2014, the Board of Directors approved the sale of the company’s Fort Street and Brush Street parking garages and two surface lots to affiliates of our owner, consistent with the receipt of a third party fairness opinion. The total proceeds are anticipated to be approximately $25 million. “Under new, local ownership and with a cohesive approach to reinvestment, Greektown’s operational and physical opportunities are substantial,” said Mark Dunkeson, president and chief operating officer of Rock Gaming LLC, the casino-hotel’s operator. “I am proud to be leading the Greektown team through this process and confident in our continued progress,” he said.  (1) EBITDA (earnings before interest, taxes, depreciation and amortization and other income/expense) and Adjusted EBITDA are measurements not in accordance with U.S. Generally Accepted Accounting Principles (GAAP) but are commonly used in the gaming industry as a measure of performance and as a basis for valuation of gaming companies. Adjusted EBITDA represents EBITDA adjusted to eliminate (i) a refund of prior year use taxes, (ii) ownership transition and termination benefit expenses and (iii) certain costs, fees and expenses related to a prior proposed refinancing of our Senior Secured Notes. EBITDA and Adjusted EBTIDA are supplemental financial measures used by management, as well as industry analysts, to evaluate our operations. However, EBITDA and Adjusted EBITDA should not be construed as alternatives to income from operations (as an indicator of our operating performance) or to cash flows from operating activities (as a measure of liquidity) as determined in accordance with GAAP. Not all companies calculate EBITDA or Adjusted EBITDA in the same manner. As a result, the company’s EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures presented by other companies.  About Greektown Holdings, L.L.C.Greektown Holdings, L.L.C.  owns and operates, through its subsidiaries, Greektown Casino-Hotel. Located in downtown Detroit’s historic Greektown Entertainment District, Greektown Casino-Hotel opened in November 2000 as the state’s third commercial casino. Greektown Casino-Hotel expanded its gaming floor and developed a modern 400-room, 30-story hotel in February 2009. The urban casino employs 1,800 team members and features 2,850 slot machines, 63 table games, and a poker room, along with five restaurants, including a five-outlet food court, four bars and a VIP players’ lounge.  Greektown Casino-Hotel has also partnered with 14 local restaurants to offer fine dining rewards to guests. For more information, visit www.greektowncasino.com.   Safe Harbor StatementCertain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and may include, but are not limited to, statements about capitalization and performance of Greektown and the expected results of Greektown’s cost savings and operational efficiencies and their run-rate impact on EBITDA. All forward-looking statements involve risks and uncertainties. All statements contained herein that are not clearly historical in nature are forward-looking, and words such as “anticipate,” “expect,” “will,” “continue,” or other similar words or phrases are generally intended to identify forward-looking statements. Any forward-looking statement contained herein, in other press releases, written statements or documents filed with the Securities and Exchange Commission are subject to known and unknown risks, uncertainties and contingencies, and there can be no assurance that the expected benefits of our new projects will be realized. Many of these risks, uncertainties and contingencies are beyond Greektown’s control, and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. Any forward-looking statements in this release speak only as of the date of this release, and Greektown undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. Greektown Holdings, L.L.C. Consolidated Balance Sheets (In thousands, except share and per share data) Successor Predecessor December 31, December 31, 2013 2012 Assets Current assets: Cash and cash equivalents $                     37,237 $                         49,442 Accounts receivable – gaming, less allowance for doubtful accounts of $220 and $236 in 2013 and 2012, respectively 628 710 Accounts receivable – other, less allowance for doubtful accounts of $178 and $163 in 2013 and 2012, respectively  1,548 1,397 Inventories 432 458 Prepaid expenses 5,415 3,902 Prepaid Michigan Gaming Control Board annual fee 9,280 9,104 Prepaid municipal service fees 3,362 3,411 Deposits 175 1,632 Total current assets 58,077 70,056 Property, building, and equipment, net  335,805 342,417 Other assets: Financing fees – net of accumulated amortization of $8,530 in 2012 152 8,235 Deposits and other assets 30 30 Casino development rights  177,700 117,800 Trade names – net of accumulated amortization of $2,130 in 2013 12,070 26,300 Rated player relationships -  – net of accumulated amortization of $2,655 and $34,500 in 2013 and 2012, respectively 15,045 34,500 Goodwill 81,011 110,252 Total assets $                   679,890 $                       709,590 Liabilities and shareholders’ equity  Current liabilities: Accounts payable 10,003 17,503 Accrued interest 25,202 25,125 Accrued expenses and other liabilities 11,436 9,858 Current portion of revolving credit facility 3,000 3,000 Total current liabilities 49,641 55,486 Long-term liabilities: Other accrued income taxes 9,460 9,165 Leasehold liability 1,929 – Revolving credit facility, less current portion 9,750 12,000 Senior secured notes – net 403,592 371,843 Obligation under capital lease 4,693 2,472 Deferred income taxes – 16,821 Total long-term liabilities 429,424 412,301 Total liabilities 479,065 467,787 Shareholders’ equity: Series A-1 preferred stock at $0.01 par value; 1,688,268 shares authorized, 1,463,535 shares issued and outstanding at December 31, 2012 – 185,396 Series A-2 preferred stock at $0.01 par value; 645,065 shares authorized, 162,255 shares issued and outstanding at December 31, 2012 – 20,551 Series A-1 preferred warrants at $0.01 par value; 202,511 shares issued and outstanding at December 31, 2012 – 25,651 Series A-2 preferred warrants at $0.01 par value; 460,587 shares issued and outstanding at December 31, 2012 – 58,342 Series A-1 common stock at $1,045.00 par value; 4,354,935 shares authorized, 152,054 shares issued and outstanding at December 31, 2012 – 1 Series A-2 common stock at $0.01 par value; 645,065 shares authorized, no shares issued – – Additional paid-in capital – 14,429 Accumulated deficit – (62,567) Membership interest 200,825 – Total Greektown Superholdings, Inc. shareholders’ equity/membership interest 200,825 241,803 Total liabilities and shareholders’ equity /membership interest $                   679,890 $                       709,590   Greektown Holdings, L.L.C. Consolidated Statements of Cash Flows (In Thousands) Successor Predecessor Nine Months Ended December 31, Three Months Ended March 31,  Year Ended December 31, 2013 2013 2012 Operating activities  Net loss  $                    (19,731) $                      (11,155) $                      (23,795) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 18,516 7,595 32,264 Amortization of finance fees and accretion of (premium)/discount on senior notes (8,358) 2,007 7,540 Goodwill impairment 42,055 – – Deferred income taxes (33,414) 1,682 6,727 Stock based compensation 871 198 777 Changes in current assets and liabilities: Accounts receivable – gaming (8) 90 24 Accounts receivable – other 114 (265) (181) Inventories 5 21 (60) Prepaid expenses  (3,105) 1,465 1,357 Deposits 1,457 – (1) Accounts payable (4,697) (2,803) (1,121) Accrued interest 12,524 (12,447) 62 Accrued expenses and other liabilities (3,209) 10,106 503 Net cash provided by (used in) operating activities 3,020 (3,506) 24,096 Investing activities Capital expenditures (1,788) (7,529) (40,300) Net cash used in investing activities (1,788) (7,529) (40,300) Financing activities Borrowings under revolving credit facility – – 15,000 Payments on revolving credit facility (2,250) – – Financing fees paid  (152) – (108) Net cash (used in) provided by financing activities  (2,402) – 14,892 Net decrease in cash and cash equivalents  (1,170) (11,035) (1,312) Cash and cash equivalents at beginning of period   38,407 49,442 50,754 Cash and cash equivalents at end of period $                      37,237 $                        38,407 $                        49,442 Supplemental disclosure of cash flow information  Cash paid during the period for interest $                      25,354 $                        25,126 $                        50,268 Cash paid during the period for income taxes $                                 – $                                 – $                                 –   Greektown Holdings, L.L.C. Reconciliation of Net Loss to EBITDA (1) (In thousands) Successor Predecessor Successor Predecessor Three Months Ended December 31,  Three Months Ended December 31,  Nine Months Ended December 31,  Three Months Ended March 31,  Year Ended December 31,  2013 2012 2013 2013 2012 Net loss $                        (9,733) $                        (9,516) $                   (19,731) $                      (11,155) $        (23,795) Interest expense 9,916 14,603 29,866 14,762 58,121 Income tax (benefit)/expense (36,338) 1,672 (33,193) 1,746 6,938 Depreciation and amortization 6,016 7,641 18,516 7,595 32,264 Goodwill impairment 42,055 – 42,055 – – Other expense/(income) 70 323 (85) 188 622 EBITDA (1) $                        11,986 $                        14,723 $                     37,428 $                        13,136 $          74,150  Use tax refund  (1,048) – (1,048) – –  Ownership transition and termination benefit expenses  1,472 – 3,145 2,964 –  Refinancing expense  – 622 157 235 1,732 Adjusted EBITDA (1) $                        12,410 $                        15,345 $                     39,682 $                        16,335 $          75,882   (1) EBITDA (earnings before interest, taxes, depreciation and amortization and other income/expense) and Adjusted EBITDA are measurements not in accordance with U.S. Generally Accepted Accounting Principles (GAAP) but is commonly used in the gaming industry as a measure of performance and as a basis for valuation of gaming companies. Adjusted EBITDA represents EBITDA adjusted to eliminate (i) a refund of prior year use taxes, (ii) ownership transition and termination benefit expenses and (iii) certain costs, fees and expenses related to a prior proposed refinancing of our Senior Secured Notes. EBITDA and Adjusted EBTIDA are supplemental financial measures used by management, as well as industry analysts, to evaluate our operations. However, EBITDA and Adjusted EBITDA should not be construed as alternatives to income from operations (as an indicator of our operating performance) or to cash flows from operating activities (as a measure of liquidity) as determined in accordance with GAAP. Not all companies calculate EBITDA or Adjusted EBITDA in the same manner. As a result, the company’s EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures presented by other companies.  SOURCE Greektown Holdings, L.L.C. RELATED LINKShttp://www.greektowncasino.com

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Slot Myths
Slot Myths Winning at slot machines is dependent on luck, and this is why rumors on how to win are prevalent among slot machine players. These rumors only represent a false hope in a situation where there is nothing anyone can do. Slot machine myths are what sprung from these rumors, usually referring to tactics or false facts on odds and winning. Hence, here are some slot machine myths that we are to expose. Slot Machine Myth 1: If the player right before you has just won the jackpot, then forget about playing that same machine. This slot machine myth is probably one of the most universally-believed myths. People believe that once the machine has given away the jackpot, it will not give away again any sooner. However, this is belief is false. Your chances of winning are measure by odds, and these odds or probabilities are constant in a machine. Theoretically, there is really this possibility that a slot machine can give away its prizes consecutively. You can only forget about playing a particular slot machine if the machine is a progressive one and you are not interested in winning the lower, default prize. Slot Machine Myth 2: Placing hot coins in the machine would increase your odds. This slot machine myth is probably one of the most ridiculous myths. First, slot machines cannot detect temperature, nor will it cause any changes in the odds of the machines. The probability inside a machine is electronically programmed and is constant through time. Changing or increasing your chances of winning would require a reprogram of the slot’s computer chip. Slot Machine Myth 3: You almost won during a previous spin, so you will win at the next attempt. The outcome of the past has no effect with the outcome of the future. As what was said, you cannot assume that your chances have or will increase. This slot machine myth is indeed a myth because, aside from the past having no effect on the future, the chances are equal even in “almost” situations. Slot Machine Myth 4: You will get paid lesser than the usual payout percentage if you use your slot club card. This slot machine myth is based on the assumption that slot club cards consume casino comps, so casinos would want their money back by deducting more from your winnings. However, payback percentages, like probabilities, are stored in computer chips and are not easy to alter. Aside from that, in order to change payback percentages, casino operators would have to reprogram the chips and file a lot of paperwork to the authorities. So you can just imagine the trouble it will take to just “get their money back” from your bestowed comps. Each of these slot machine myths possesses an illogical attribute that should not be believed. Therefore, before making any decisions, take time to study how slot machine works, and remember that there is not surefire way to guarantee your winnings.

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