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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”.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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