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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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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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