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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".
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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