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BetatHome 2015 full year analysis
March 1,2016 : BET-AT-HOME DELIVERS STRONG 2015 RESULTS
Improvement in efficiencies pays off.
Betclic-Everest Group-owned Bet-At-Home AG delivered a strong 2015 full year analysis showing robust growth in gross gaming revenues and EBT despite additional tax burdens.
Key performance indicators for the full year period include:
- Earnings before taxes (EBT) amounted to Euro 32.9 million (FY 2014: Euro 27.5 million).
- Earnings before interest and taxes (EBIT) reached Euro 30.8 million (FY 2014: Euro 25.8 million), up 20 percent.
- EBITDA of Euro 31.7 million (2014: Euro 26.7 million).
- 13.6 percent increase in gross gaming revenues to Euro 121.6 million (FY 2014: Euro 107.0 million).
- Net gaming revenues of Euro 100.3 million (FY 2014: 94.7 million).
- Gaming volume generated by Bet-at-Home.com amounted to Euro 2,410.8 million (FY 2014: Euro 2,136.4 million), up 12.8 percent.
- Around 4.3 million registered customers (FY 2014: 4.0 million.
- Liquid assets and securities at the level of Euro 50.1 million.
Bet-At-Home.com paid Euro 14.5 million in betting fees and gaming levies during 2015 (FY 2014: Euro 12.3 million) and felt the impact of new VAT regulations for electronic services providers within the European Union which amounted to Euro 6.8 million.
The board is upbeat on the company prospects saying the executive expects a 10 percent increase in gross gaming revenues for the 2016 fiscal year and EBITDA of Euro 30 million, assuming that the regulatory and fiscal environment remains as is.
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Winamax Poker Launches Dealers Choice Games -
The Dealer's Choice in poker format is not a new concept, but Winamax enlivened the French online poker scene by introducing it last week, taking advantage of looser game restrictions by the French regulator ARJEL.
Limited Gambling To Be Allowed in Bermuda -
After two years of discussion senators in the self-governing British overseas territory of Bermuda finally approved the Casino Gaming Amendment Act 2016 last week, ushering in a potentially more liberal and practical approach to gambling in the Caribbean island nation.
Jack Lam on the Run -
"Our records also showed Lam arrived in Manila last Nov. 25 aboard a China Airlines flight from Taipei,” she said, observing that there was no record of any return to the Philippines since his departure.
Golden Jungle Slot -
IGT is about to launch online its popular land casino slot Golden Jungle, adding yet another jungle-and-temple themed game to the dozens already available to internet and mobile punters.
South Africa Going After Illegal Gambling -
In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.
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