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Impressive Earnings for BetAt Home
Monday March 3,2014 : BET-AT-HOME DELIVERS IMPRESSIVE FY2013 EARNINGS
Despite no significant sporting events and continued impact of sports betting tax
Betclic Everest Group-owned online sports betting and gaming operator Bet-At-Home has reported what it describes as “continued success” reporting a 600 percent increase in full year 2013 earnings.
Despite the continued impact of the German sports betting tax, an increase in marketing efficiencies and a substantial expansion of its customer base have contributed towards the strengthening of the brand, a company spokesperson said.
Key performance indicators for full year 2013 include:
- EBITDA up to Euro 15 million, Euro 13.2 million more than 2012 (2012: Euro 1.8 million)
- EBIT increased by Euro 13.1 million to Euro 14.3 million (2012: Euro 1.2 million)
- Gross betting and gaming revenue was Euro 85.6 million, up 0.2 percent over the same period last year (2012: Euro 85.5 million)
- Earnings before Tax EBT amounted to Euro 15.4 million and was Euro 13.1 million more compared to the previous year.
- Gross betting and revenue was Euro 85.6 million, 0.2 percent up from 2012 (2012: Euro 85.5 million).
- Gaming volume amounted to Euro 1,834.8 million (2012: Euro 2,039.8 million), 10.0 percent below 2012 due to the higher volume during the European Football Championship in Poland and the Ukraine.
- Sports betting tax introduced in Germany in July 2012 increased to Euro 11 million (2012: Euro 9.9 million) having an impact on net gaming revenue which amounted to Euro 74.7 million (2012: Euro 75.5 million).
- Marketing expenses amounted to Euro 34.3 million (2012: Euro 50 million), down 31.5 percent.
- 3.6 million registered customers.
- Operating expenses down 3.8 percent to Euro 14.2 million (2012: Euro 14.7 million).
- Group equity as of December 31, 2013 increased to Euro 44.6 million (2012: Euro 34.3 million), which resulted in an increased Group equity ratio of 64.5 percent (2012: 64.2 percent) despite the dividend payout in the second quarter of 2013.
- Cash and cash equivalents and marketable securities of Euro 23.2 million (2012: Euro 39.6 million).
Oink Country Love Slot Launches -
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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