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Bet At Home Revenues Up
Mangas Gaming group subsidiary reports 35 percent growth.
The French online gambling group Mangas Gaming’s Bet-at-Home.com internet casino and sports betting subsidiary reports that its Q1/2010 gross earnings have reached Euro 13.8 million, a 35 percent rise on the comparable period in 2009.
Profit before tax rose 38 percent to Euro 2.6 million while it held assets worth Euro 25.4 million at the end of March, an 18 percent year-on-year increase.
Management revealed that turnover was up by just over 76 percent year-on-year to Euro 314.5 million with gross gaming revenues growing by 54 percent compared to the first quarter of 2009 to Euro13.8 million.
“With increased marketing expenses of Euro 6.7 million in the first quarter of 2010, a rise of 8.9 percent in comparison to first quarter of 2009, a further strengthening of the Bet-At-Home.com brand has been reached in many European countries, with the number of registered users reaching 1.9 million,” Management reported.
“Due to excellent revenue development, EBITDA significantly increased from Euro 250 000 for the first quarter of 2009 to Euro 2.61 million for the first quarter of 2010.”
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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