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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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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
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PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
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