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BET-AT-HOME IMPROVES BUSINESS

Impressive Q3 and 2010 YTD results from German subsidiary of Mangas Gaming
 
Mangas Gaming's Dusseldorf-based online gambling operation Bet-At-Home.com has published numbers that will make investors happy, recording significant improvements in all key performance areas.
 
Third quarter financial results show that gross profit is up 57.1 percent to Euro 16.78 million. whilst net profit before tax rose to Euro 7.16 million (Q3 2009: Euro - (negative) 3.14 million).
 
Betting and gaming turnover in the third quarter rose by 57.9 percent to Euro 356.02 million (Q3 2009: Euro 225.45 million).
 
Net gaming profit for Q3 2010 rose 57.5 percent to Euro 16.65 million (Q3 2009: Euro 10.57 million).
 
Remarkably, in view of the very positive results, the company's advertising expenditure for Q3 was reduced to Euro 5.74 million (Q3 2009: Euro 11.96 million). However, in the first three quarters of the year, Bet-At-Home invested Euro 28.66 million in marketing, ramping up from the Euro 22.07 million in 2009.
 
For the year to September 30 2010, the company reports:
 
* Gross profit increased by 74.3 percent to Euro 48.14 million (2009: Euro 27.62 million)
 
* Net profit before tax of Euro 6.58 million (2009: - (negative) Euro 320 000)
 
* Available assets of Euro 23.07 million (December 2009: Euro 20.68 million)
 
* Betting and gaming turnover for the first 9 months of 2010 were 71.3 percent higher than the equivalent period in 2009 at Euro 1043.48 million.
 
* Net gaming profit for Q1 to Q3 YTD 2010 amounts was Euro 47.78 million (2009: Euro 27.15 million).
 
* The company claims it now has over 2.1 million players on its books.
 
* YTD EBITDA was Euro 6.61 million (YTD 2009: Euro - (negative) 2.19 million).
 
Malta-licensed and listed on the Frankfurt and Vienna stock exchanges, Bet-At-Home.com AG is part of the French internet gambling group Mangas Gaming, and is a sister to BetClic and Expekt.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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