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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 brand and to a significant increase of the group's EBITDA to EUR 11.21 million in 2010 (2009: EUR 1.04 million).

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Gambling News :

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

NYX Gaming Group Expanding in Italy - NYX Gaming Group says its continues to bridge the gap between online and land-based operators as it announced a new licensing deal in the Italian market.

Interwetten Q3 2016 Report - In a brief third quarter 2016 report, Malta-headquartered online gaming company Interwetten reported strong growth across all verticals, with an emphasis on online casino revenues.

Evolution Gaming Q3 2016 Report - Evolution Gaming Group AB delivered in its third quarter 2016 results reporting strong growth in revenue and a significant increase in mobile penetration. The company attributes is success to strong general growth and continued high demand for dedicated environments.

Ladbrokes Donates to Gamcare’s new Youth Program - UK gaming firm Ladbrokes has pledged GBP 180,000 to Gamcare’s new Youth Program over 2016 and 2017, following a visit by chief executive officer, Jim Mullen.

Dragonz Slot Launches - #Dragonz The creatures in this 243 ways to win game engage with play during the free spins round, triggered by three or more scatters on the reels, and each character leads four different free spins rounds.

Mecca Launch Instant Win Games - IWG has provided instant win content to lotteries for the past 15 years, amassing a portfolio of over 250 games. Its deal with Mecca signifies a move into the wider online gaming industry, servicing commercial brands and platforms.

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