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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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