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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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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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