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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.
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
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