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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 :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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