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Strong Q1-2015 for Bet-At-Home
Monday May 4,2015 : BET-AT-HOME REPORT STRONG FIRST QUARTER
Despite new tax burdens.
Betclic Everest SAS Group’s Bet-At-Home business continued its robust 2014 performance with the report of a strong first quarter 2015 despite being beset by additional tax burdens.
Key performance highlights for the three-month period ending March 31, 2015 include:
Earnings before taxes up 19.1 percent to Euro 9.8 million
An increase in gross betting and gaming revenue of 13.1 percent to Euro 28.4 million
EBITDA increased to Euro 9.6 million (Q1/2014: Euro 8.0 million).
EBIT amounted to Euro 9.3 million (Q1/2014: Euro 7.8 million).
Gross betting and gaming revenue was Euro 28.4 million, up 13.1 percent (Q1/2014: Euro 25.2 million).
Betting and gaming volume totalled Euro 587.5 million (Q1/2014: Euro 495.2 million), up 18.6 percent.
Net gaming revenue amounted to Euro 23.4 million (Q1/2014: Euro 21.9 million).
Gross Gaming revenue increased 13 percent despite a significant cut in marketing expenses.
4.1 million registered customers (Q1/2014: 3.7 million).
The company said new VAT regulations on electronic service providers within the European Union have had a Euro 1.6 million impact on earnings.
The Board of Directors confidently anticipates an EBITDA of over Euro 20 million for the full 2015 financial year.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authorityís data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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