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Bet at Home first half 2015 Earnings

Monday August 10,2015 :  BET-AT-HOME REPORTS GOOD FIRST HALF 2015

Management raise full year 2015 expectations.

Online sports betting and gaming provider Bet-At-Home.com AG Group reported on its first half 2015 showing good growth despite increased tax burdens.

Key performance highlights for the first half 2015 period include:

-    EBITDA increased to Euro 16.0 million, up Euro 7.2 million (HY1/2014: Euro 8.8 million).

-    EBIT was up by Euro 7.1 million to Euro 15.5 million (HY1/2014: Euro 8.5 million).

-    Group financial result increased to Euro 1.0 million (HY1/2014: Euro 0.8 million).

-    Earnings before taxes amounted to Euro 16.6 million, Euro 7.3 million up on last year ((HY1/2014: Euro 9.3 million).

-    Gross betting and gaming revenue was Euro 56.7 million, up 6.9 percent (HY1/2014: Euro 53.1 million).

-    Betting and gaming volume for bet-at-home.com AG was 8.8 percent up to Euro 1,172.3 million (HY1/2014: Euro 1,077.8 million).

-     Net gaming revenue was Euro 46.6 million (HY1/2014: EUR 46.7 million) despite “new massive tax burdens”.

-     4.1 million registered customers (HY1/2014: 3.8 million).

-    Other operating expenses amounted to Euro 8.2 million (HY1/2014: Euro 6.4 million), attributed to expenses based on increased gaming volumes.

-    Group equity increased to Euro 74.4 million  (31/12/2014: Euro 67.5 million), despite a dividend payment of Euro 4.2 million in Q2 of 2015.

-    Liquid funds and current securities amounting to Euro 37.2 million (31/12/2014: Euro 31.5 million).

Bet-At-Home said “due to the strength of operating revenue in the first half of 2015, the Management Board has raised its expectations for the 2015 financial year with the result that, from the current perspective, EBITDA in excess of EUR 25 million appears realistic if the legal and tax framework remain unchanged”.



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Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

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.

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