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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 :

NBA Odds: Warriors Big Favorites to Beat Cleveland - The Warriors didn’t take last year’s NBA Finals collapse lying down. They added Kevin Durant to the starting rotation; Durant is +220 to win this year’s Finals MVP award, while Cleveland superstar LeBron James is all by himself – also at +220. Kyrie Irving is the next closest Cavalier at +1000.

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

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