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Good earnings for Bet at Home

Monday March 4,2013 : BET-AT-HOME DELIVERS RESPECTABLE RESULTS
 
But impacted by high marketing expenditure, gaming taxes and betting fees
 
Bet-At-Home.com AG delivered a 17 percent increase in GGR in its 2012 year-end report this week.  Despite a good performance, the company’s results were negatively affected by gaming taxes and a significant increase in advertising expenses in pursuit of its growth strategy.
 
Key performance indicators include:
 
-     Group financial result for financial year 2012 increased to Euro 1.08 million (2011: Euro 0.53 million).
 
-     Group result before taxes was Euro 2.27 million (2011: Euro 5.52 million)
 
-     Group annual net profit of Euro 1.71 million (2011: Euro 4.60 million).
 
-     Group EBITDA amounted to Euro 1.83 million (2011: Euro 5.53 million), influenced by betting fees and gaming taxes reducing profits.
 
-     Gross gaming revenue increased by 17.4 percent to Euro 85.46 million (2011: Euro 72.81 million)
 
-     Net gaming revenue improved significantly in financial year 2012 up by 14.2 percent to Euro 75.51 million (2011: Euro 66.12 million).
 
-     Almost unchanged cash, cash equivalents and marketable securities amounting to Euro 39.60 million as of 31/12/2012 (Euro 11.3 per share) (31/12/2011: Euro 40.12 million (Euro 11.4 per share))
 
-     Betting and gaming turnover increased by 14.8 percent to Euro 2,039.78 million (2011: EUR 1,776.30 million).
 
-     Group betting taxes and gaming duties for financial year 2012 of Euro -9.94 million (2011: Euro -6.70 million) were recorded as expenditure reducing profits
 
-     Group equity of Euro 32.59 million is reconciled with the Group’s annual net profit for 2012 of Euro 1.71 million to Group equity in the amount of Euro 34.29 million.
 
-     Equity ratio increased to 64.16 percent year-over-year (31/12/2011: 62.12 percent).
 
Bet-At-Home increased its advertising spend by 22.6 percent to Euro 50.02 million in financial year 2012 in a bid to increase customer acquisitions during the European Football Championship in Poland and the Ukraine, reactivate existing clients and improve efficiencies in marketing activities.
 
"We see the large-scale advertising activities as an investment in the future for the further strengthening of the bet-at-home.com brand," said a company statement.  "We now have considerably more than 3.23 million registered customers. This is a marked increase of 19.0 percent or 518,000 customers in the number of customers compared to the balance sheet at the end of 2011.
 
The Bet-At-Home Board said it expects to further strengthen profitability for the bet-at-home.com AG Group in financial year 2013.



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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