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Bet-At-Home reported on its Q1-2012 results
Thursday, May 10,2012 : BET-AT-HOME DELIVERS QUARTERLY RESULTS
Making strides but held back by increased spend on advertising
Betclic Everest online subsidiary Bet-At-Home reported on its Q1-2012 results this week showing a significant increase in revenue but a decrease in income due to heavy investments in advertising.
Key Performance Indicators for the three months to March 31, 2012 include:
- Group result before taxes of Euro 2.10 million (Q1/2011: Euro 3.90 million)
- Turnover increased significantly by 23.5 percent to Euro 527.68 million (Q1/2011: Euro 427.19 million)
- Group EBITDA of Euro 1.94 million (Q1/2011: Euro 3.84 million)
- An increase in gross gaming revenue (Hold) of 15.4 percent to Euro 21.11 million (Q1/2011: Euro 18.29 million)
- Net gaming revenue (Hold minus Betting / Gaming Tax) rose by 15.9 percent to Euro 18.85 million (Q1/2011: Euro 16.26 million)
- Betting taxes amounted to Euro 2.27 million (Q1/2011: Euro 2.02 million).
Advertising expenses amounting to Euro 11.09 million (Q1/2011: Euro 7.96 million) had an adverse effect on income but is attributed to a 39.3 percent increase in customer base. The company has ramped up marketing in anticipation of the UEFA European Football Championships, the final tournament due between June 8 and July 1, 2012 which will be hosted by Poland and Ukraine.
Bet-At-Home boasts "notably more than 2.8 million registered customers".
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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