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BetatHome Q1 Earning Results
Monday May 2,2016 : SOLID FIRST QUARTER FROM BET-AT-HOME
Marketing investments raise brand profile.
Betclic Everest subsidiary Bet-At-Home.com has released solid first quarter results attributed to ongoing marketing and brand awareness strategies which include its high profile jersey sponsorship of Berlin-situated football Club Hertha BSC.
Key performance indicators for the three month period ending March 31, 2016 include:
- Gross betting and gaming revenue up by 6.4 percent to Euro 30.3 million (Q1/2015: Euro 20.4 million).
- Net betting and gaming revenue increased by 4.6 percent to Euro 24.5 million (Q1/2015: EUR 23.4 million).
- Group betting and gaming volume totalled Euro 648.9 million (Q1/2015: EUR 587.5 million), an increase of 10.4 percent.
- EBT amounted to Euro 7.9 million (Q1/2015: Euro 9.8 million).
- EBIT amounted to Euro 7.3 million (Q1/2015: Euro 9.3 million).
- Betting fees and gaming levies amounted to Euro 3.7 million (Q1/2015: Euro 3.5 million).
- VAT regulations for electronic service providers in the European Union resulted in an expense of Euro 2.1 million (Q1/2015: Euro 1.6 million).
- Marketing and sponsorship expenses amounted to Euro 8.8 million (Q1/2015: EUR 6.5 million) .
- Liquid assets and securities increased to Euro 53.4 million.
- 4.3 million registered customers (Q1/2015: 4.1 million).
The management board said, assuming that the regulatory and fiscal environment remains unchanged, it forecasts a 10 percent increase in gross gaming revenues to Euro 134.0 million in the 2016 financial year and an EBITDA of around Euro 30.0 million.
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Gambling News :
South Africa Going After Illegal Gambling -
In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.
Global Poker League Championship Results -
#gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.
Yahoo DFS Gets Uk License -
#yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.
SPANISH GAMBLING MARKET CONTINUES TO GROW -
Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.
Novomatic Acquires Albanian National Lottery -
#Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.
2016 Massachusetts Gaming Commission Report -
Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.
Jack Lam denies bribe allegations -
Allegations by Philippines Justice Secretary Vitaliano Aguirre that casino tycoon Jack Lam used 'facilitator' Wally Sombero in an attempt to bribe him into protecting Lam interests have been hotly denied by Lam.
Fonbet Gets Russian Betting License -
#Fonbet Russian-licensed operators are required to use officially sanctioned payment hubs called TSUPIS to facilitate government oversight, and this may be a concern for Fonbet at present.
New Attempts to Restore the Wire act -
In the first of these initiatives, which Online Poker Report notes is supported by only eight state AGs (half those who signed a similar letter last year), the signatories seek support for RAWA at a Congressional hearing scheduled for December 9.
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