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BETCLIC EVEREST INTERNET GAMBLING SUBSIDIARY DELIVERS SOUND RESULTS

Friday August 26,2011 : Bet-At-Home AG posts a 12.1 percent increase in gross profits
 
Online sportsbook operator Bet-At-Home.com AG - a subsidiary of the Betclic Everest group - has released its financial results for the first six months of 2011 showing an impressive 12.1 percent year-on-year increase in gross profits to Euro 35.16 million.
 
The company revealed that its pre-tax profit came in at Euro 3.97 million, a significant improvement over the deficit of Euro 580,000 it reported for the same period twelve months ago, while it currently holds cash and equivalents amounting to Euro 28.06 million.
 
The company reported that betting and gaming turnover increased during the second quarter of 2011 by 17.4 percent year-on-year to Euro 65.02 million and Euro 437.99 million respectively.
 
“From a cumulative point of view, the betting and gaming turnover for the first half-year of 2011 amounts to Euro 865.18 million; an increase of 25.9 percent in comparison to the respective period in the previous year,” a Bet-At-Home.com spokesman pointed out.
 
Gross profit amounted to Euro 16.87 million for the second quarter of 2011, down when compared with the second quarter of 2010 at Euro 17.56 million, where the football World Cup provided a major boost to betting activity.
 
“The cumulative gross profit for the first and second quarters of 2011 amounted to Euro 35.16 million, or an increase of 12.1 percent, the spokesman noted.
"This indicator is higher than in the comparable period of 2010, marking distinct growth.”
 
However, despite the growth, net gaming profit fell by four percent year-on-year to Euro 15.17 million, mainly due to the introduction of betting fees and gambling taxes in Austria and Spain.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

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.

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