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Interwetten Gaming Q1 2016 Results
INTERWETTEN MAINTAINS POSITIVE MOMENTUM
First quarter results far exceed company’s expectations.
Malta-headquartered Interwetten Gaming Ltd has maintained its positive momentum into 2016 posting an impressive 31 percent increase in gross gaming revenue in its first quarter results.
Key performance indicators for the first quarter ending March 31, 2016 include:
- Gross Gaming Revenues up 31 percent to Euro 16.0 million.
- Net profit increased 89 percent to Euro 3.4 million.
- EBITDA is up 86 percent to Euro 3.9 million.
- Sports betting revenues grew 29 percent based on a margin of 12 percent.
- Gaming revenues increased 34 percent.
- Mobile channels contributed 54 percent to sportsbook revenues and 41 percent to gaming revenues.
- Recorded 12,000 first time depositing customers.
The company revealed it had experienced 29 percent growth in German speaking countries, 75 percent growth in Greece, 23 percent in Spain and a further 51 percent growth in other markets.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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