Take us through the year-end results.

The numbers that the market are really interested in are the continuing operations and I’m pleased to say that we’ve seen some very strong progress on that front. Our revenues are up 112% to $325m (£168m). We saw clean EBITDA up by 158% to $50.9m. And on sign-ups we saw a very strong performance there as well ­ a 133% increase to over 527,000 sign-ups.

What has been the effect of the withdrawal from the US on the numbers?

We lost a substantial part of the revenue overnight; around three-quarters of the revenue. So we had to restructure the cost base accordingly and we did that in a three month period. We rationalised over 40% of the workforce and it resulted in us taking, with a number of other items, a reorganisation charge of $250m. There were other ways in which the business was impacted as well. We lost some of our higher-yielding players to sites who continue to take US players after the introduction of the Unlawful Internet Gaming Enforcement Act. I think that can clearly be evidenced in our numbers where we had a 31% reduction in the consolidated yield per active player day.

Earlier you mentioned the one-off charge of $250m for the reorganisation post UIGEA. Can you give us a little more detail on this?

The $250m reorganisation charge was very much in line with the initial estimate that we gave back in October when we released our third quarter key performance indicators.

The major components of it was a write-down of intangible fixed assets, primarily relating to the acquisition of the business and assets of Empire Poker earlier on in the year ­ that was around $115m.

We had payment processes issues that lead to an impairment charge of $64m. We also had to write off some committed marketing expenditures of $34m. We are not planning any further redundancies at this point.

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