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Online sportsbetting group Betbull Holding SE reported on its full year 2008 performance this week, delivering a 21.1 percent increase in NGR to Euro 16.094 million, but a loss for the twelve months of Euro 4.3 million. The dip is the firm's fifth consecutive deficit, and was explained in part as a Euro 1.9 million write-off incurred when it closed the Betpoint SL subsidiary in Andalusia, Spain.
Wagering rose 28.5 percent year-on-year to Euro 100.4 million from Euro 78.1 million, and the company advised that it had increased its annual cash position by 7 percent at December 31, 2008, to Euro 8.2 million.
”Betbull has again achieved handsome growth amid difficult trading conditions in the core German market, increasing turnover to over Euro100 million as compared to Euro 78 million last year,” said Simon Bold, Director for Betbull. “Net gaming revenue of Euro 16 million against Euro 13 million last year showed a consistency in operating margin, which highlights the group's competence in the retail betting sector.
”Group activities in Germany continue to provide solid net results, supporting the significant start-up funding required in Madrid, where the joint venture, Betbull Bwin Espana SA, is in the process of opening the first trading units. We believe our investment in Madrid will provide significant contributions to group profits in the future.
”The concentration of resources on just two regions, Germany and Spain, will help to streamline the company and reduce costs. Non-core activities, including online exchange betting, are being discontinued and will be eliminated during 2009.”
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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