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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.
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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