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Smarkets Earnings Report
ONLINE BETTING EXCHANGE SMARKETS IS ON A ROLL
Malta and UK-licensed online betting exchange reports significant rise in profit.
The relatively new Malta and UK-licensed online betting exchange company Smarkets has reported a more than 1,500 percent profit rise in 2015, despite its late entry into a very competitive space.
According to reports in the UK business media, Smarkets reported in its first audited annual results that more than GBP 1 billion in trades took place on the website during the year ended December 31 2015.
Operating profit at the racing, sports and politics betting platform grew by 1,568 percent to GBP 5.2 million, rising from GBP 316,000 in the preceding year, and group revenue grew by 429 percent to GBP 10.4 million, up from GBP 1.97 million in 2014.
Buoyed by its success, Smarkets is now eyeing the US market with an office in the region.
Management has boasted that the companys business model is market-disruptive in that it offers a competitive 2 percent commission on bets placed on its exchange.
The group comprises Smarkets, a software development company, Smarkets Malta, operator of the Smarkets betting exchange, Hanson Applied Sciences, a liquidity provider, and Green Affiliates, a sports betting affiliate.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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