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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.
Gambling News :
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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