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BET-AT-HOME.COM DELIVERS GOOD 2010 RESULTS
Posted 3/1/11 : An increase in of 54.12 percent in gross gaming profit and a significant increase in "quick assets"
Betclic Everest Group's betting subsidiary Bet-At-Home presented pleasing full year 2010 financial results this week.
The management board of the betting provider expects a considerable growth in 2011and has forecast an increase in gross profit of at least 30 percent. Strategies to achieve this growth include the continuation of intensive marketing activities in order to increase new customers as well as forge bonds with existing customers.
Fiscal highlights for the 52 week period to 31 December 2010 include:
- Betting and gaming turnover increased by 58.9 percent to EUR 1,476.19 million (2009: EUR 929.31 million), attributed largely to the 2010 Football World Cup.
- Gross gaming profit increased significantly to EUR 66.15 million (2009: EUR 42.92 million), an increase of 54.12 percent.
- Net gaming profit (less betting tax) in 2010 has improved by 54.69 percent to EUR 65.68 million (2009: EUR 42.46 million).
- Group results before taxes distinctly increased to EUR 11.16 million - EUR 3.2 per share (2009: EUR 2.80 million; EUR 0.8 per share)
The company reports that an increase of 18.11 percent in advertising expenditure has led to a significant increase in the number of new customers. The company has 2.26 million registered users.
A large investment in the acquisition of new customers and intensive efforts to reactivate existing customers with continuous and successful efficiency improvements in marketing activities has led to the strengthening of the bet-at-home.com brand and to a significant increase of the group's EBITDA to EUR 11.21 million in 2010 (2009: EUR 1.04 million).
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.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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