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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 :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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