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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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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.
Plus500 Founders Selling Off Shares -
Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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