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Bet At Home significant revenue growth during first half 2016

Monday August 1,2016 : BET-AT-HOME HAILS MARKETING INVESTMENT

Delivers significant revenue growth during first half 2016.

Online gaming firm bet-at-home.com AG Group reported positive earnings during its first half 2016 fiscal period, saying an investment in marketing, in the lead up to, and during the Euro 2016 football tournament had proven successful in increasing brand recognition and new customer registrations.

The Betclic Everest Group-owned company reported EBITDA of Euro 9 million (H1/2015: Euro 16 million)
despite what it describes as “intensive marketing investments connected with the European Football Championship”.  Second quarter 2016 EBITDA amounted to Euro 1.5 million (Q2/2015: Euro 6.4 million) contributing positive earnings “to the pleasing trend during the period under review”, a company statement reads.

EBIT during the first six months of the 2016 financial year amounted to Euro 8.5 million (H1/2015: Euro 15.5 million).   The Groups financial income increased to Euro 1.1 million (H1/2015: Euro 1.0 million).  EBT amounted to Euro 9.6 million  (H1/2015: Euro 16.6 million).

Bet-At-Home reported “marked growth” in gross betting and gaming revenues which amounted to Euro 65.4 million (H1/2015: Euro 56.7 million), an increase of 15.2 percent.  Betting and gaming volume totalled Euro 1,369.6 million  (H1/2015: Euro 1,172.3 million), up 16.8 percent year on year.

Betting fees and gambling levies increased 15.7 percent to Euro 8.0 million, reflecting the growth in gross betting and gaming revenue (H1/2015: Euro 6.9 million). VAT regulations for electronic service providers in the European Union cost the company Euro 4.3 million (H1/ 2015: Euro 3.2 million).   Net betting and gaming revenue grew by 13.9 percent to Euro 53.1 million as a result (H1/2015: Euro 46.6 million).

Costs of the company’s intensive marketing campaigns totalled Euro 26.6 million, up 75 percent over H1/2015, but attracted an additional 400,000 registered customers.

Other operating expenses, largely resulting from further investments in its broad product portfolio, amounted to Euro 9.5 million in the first half of 2016 (H1/2015: Euro 8.2 million).

Taking account of an equity-reducing dividend payout of Euro 15.8 million in May 2016, the company reported consolidated equity amounting to a total of Euro 84.4 million as of June 30, 2016 (December 31, 2015: Euro 94.0 million), equivalent to a 67.7 percent consolidated equity ratio (December 31, 2015: 74.2 percent).

Liquid assets and current securities amounted to Euro 43.5 million as of June 30,  2016 (December 31, 2015: Euro 50.1 million).

Assuming an unchanged regulatory and tax law environment, Bet-At-Home.com Group AG’s Management Board anticipates growth in gross betting and gaming revenue in the 2016 fiscal year of 10 percent to reach Euro 134.0 million and EBITDA to reach a level of about Euro 30.0 million in the 2016 fiscal year.

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - 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 - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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