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Mybet Holding Q2-2015 Earnings Report
Friday August 14,2015 : QUIET SECOND QUARTER FOR MYBET
German operator reports slight increase in revenues.
The German online gambling operator Mybet Holding SE reports that revenues increased marghinally at 0.1 percent to Euro 17.9 million in Q2-2015, although over the half year to end June these grew 5.5 percent to Euro 36.3 million.
The operator revealed that second quarter sportsbetting declined 11.3 percent to Euro 9.5 million, whilst H1-2015 sportsbetting revenue came in at just under Euro 20 million - with little change from H1-2014.
Better success was recorded by the horseracing vertical, which saw quarterley revenues up 62.8 percent at Euro 2.4 million, and H1-2015 revenues of Euro 4.4 million...a y-o-y rise of 40.1 percent.
Online casino and poiker action was positive, generating an 8.5 percent improvement during Q2 to Euro 6 million, and half-year revenue up 7.1 percent to Euro 11.7 million.
Higher commission payments and marketing investment had a negative impact on company earnings, with H1-2015 EBIT loss - Euro 800,000, significantly higher than the - Euro 400,000 recorded in 2014.
The company is working on improving its products and platform, and warned that the investment required for this will have a negative impact on full year earnings, but will lead to better times by 2016.
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US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
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The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
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Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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