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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.
Gambling News :
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
Aussie Millions won by Norwegian Jon Kyte and New Zealandís Daniel Smith -
In this event, poker players teamed up in pairs to form 79 teams. The teams had to climb their way up to the throne by beating the other teams. A total prize pool of A$80,975 was shared amongst the teams. The Shot Clock Team became particularly popular because the players had to devise their own ingenious strategies so as to reach the top.
ACR $15 Million OSS Cub3d -
Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.
AIGF and Betradar formalised their relationship -
At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.
EHF and Sportradar Extend Partnership -
The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.
Swisslos and Betradar in Deal -
Swisslos offers lotteries, sport bets and instant tickets in the entire territory of German-speaking Switzerland, in Ticino and in the Principality of Liechtenstein. It structures its range of games in an attractive and responsible manner. Swisslos transfers it entire net profit to the mandating cantons and the Principality of Liechtenstein to support public causes.
Americas Cardroom offering mouth-watering value -
It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.
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