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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).

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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