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Betfair Half year Report 2015

Wednesday November 25,2015 : BETFAIR DELIVERS IN HALF YEAR REPORT

Mobile and sportsbook key drivers.

Online betting exchange Betfair’s half year fiscal period ending October 31, 2015 delivered strong results with a reported revenue rise of 15 percent to GBP 274.4 million against a strong comparative period that included the World Cup.

Results were driven by mobile and a 93 percent increase in Sportsbook stakes.

Key performance highlights for the period include:

-    Revenue up 15 percent to GBP 274.4 million (HY1/2015: GBP 237.6 million).

-    Sportsbook stakes up 93 percent.

-    EBITDA up 9 percent to GBP 80.5 million (HY1/2015: GBP 73.9 million), notwithstanding GBP 26.8 million of additional POC tax

-    Operating profit amounted to GBP 67.2 million (HY1/2015: GBP 59.9 million), up 12 percent.

-    Gross profit increased 7 percent to GBP 214.0 million (HY1/2015: GBP 200.4 million).

-    Interim dividend up 67 percent to 15.0 pence per share reflecting continued strong cash flow and the higher payout ratio target of 50 percent introduced in December 2014.

-    Sports revenue increased 11 percent to GBP 184.8 million (HY1/2015: GBP 166.6 million).

-    Gaming revenue increased 18 percent to GBP 49.7 million (HY1/2015: GBP 42 million).

-    Mobile gaming revenue up 86 percent, accounts for 57 percent of gaming revenue.

-    Betfair US revenues increased by 38 percent to GBP 39.3 million.  Betfair US online casino revenues grew 100 percent to GBP 3.8 million (HY1/2015: GBP 1.9 million).

-    Number of active customers in sustainable markets up 31 percent.

-    Sustainable revenue mix now 88 percent (Q2 FY15: 82 percent)

-    Mobile remains the key growth driver across all products and now represents 76 percent of Sportsbook revenues

-    Betfair US revenue up 35 percent following the successful integration of HRTV and strong casino growth.

"Betfair traded strongly in its key markets throughout the first half of FY16,” Breon Corcoran, Betfair's Chief Executive Officer, said.  “These results, which came against a tough comparative period featuring last year's football World Cup, are ahead of our original expectations and demonstrate the Group's continued strong momentum.”



Gambling News :

Summer Is Here: It’s the 2017 Super Millions Poker Open - The 2017 Super Millions Poker Open (formerly the Summer Millions) starts July 15 with a hefty $2.5 million guaranteed in the prize pool. Qualifiers begin this Thursday; you can satellite your way into the 2017 SMPO for as little as 55 cents.

Americas Card Room Biggest OSS CUB3D ever - Included in the series is the next $1,000,000 GTD Million Dollar Sunday, the Main Event of the OSS. The MOSS and BOSS also have a Main Event and all three winners will walk away with a sterling silver commemorative bracelet in addition to the prize money. Also returning is an OSS Cub3d combined leaderboard. The top-3 ranked players at the end will receive a $4,900 Punta Cana Poker Classic prize package and a sterling silver bracelet.

Microgaming Casino Games Live on PokerStars - Following a successful integration to the Quickfire platform, Microgaming games are now live on PokerStars Casino

Jurassic World Online Slot live - During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.

Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

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