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Respectable Earnings Report For Bet-At-Home

Monday November 11,2013 : RESPECTABLE BET-AT-HOME 9M/2013 RESULTS
 
Efficiency measures in marketing and operating yield results
 
Betclic Everest Group online sportsbetting and gaming provider Bet-At-Home said it was pleased with what it terms as strong gross gaming revenues despite the lack of a major sporting event during 2013.
 
Key performance indicators for the nine months ending September 30, 2013 include:
 

  • Pre-tax revenues up by Euro 13.7 million to Euro 11.6 million (9M/2012: -2.1 million)
  • Gross gaming revenue of Euro 61.8 million (9M/2012: Euro 62.2 million), down only 0.7 percent despite the lack of a significant sporting event
  • Net gaming revenue of Euro 53.7 million (9M/2012 Euro 55.1 million), impacted by the introduction of German sportsbetting taxes
  • EBITDA increased to Euro 11.1 million (9M/2012: Euro -2.4 million)
  • EBIT increased to Euro 10.7 million (9M/2012: Euro -2.8 million).
  • Gaming volume amounted to Euro 1,342.9 million (9M/2012: Euro 1,549.3), down 13.3 percent
  • Efficiency improvements in marketing and operating expenses:
  • Marketing expense amounted to Euro 24.8 million (9M/2012: Euro 39.9 million), equating to a 37.8 percent reduction
  • Operating expenses of Euro 9.6 million (9M/2012: Euro 9.6 million, down by 14.9 percent
  • Cash, cash equivalents and securities of Euro 25.7 million
  • Substantial expansion in customer base which stands at almost 3.5 million registered customers.

According to a company statement: "The steady development in gross revenue, the efficiency increases in marketing and the reduction in other expense show clear and positive results on the development of results of the bet-at-home.com AG Group during the reporting period".



Gambling News :

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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