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GOOD SECOND QUARTER FOR JAXX
Sunday August 19, 2012 : GOOD SECOND QUARTER FOR JAXX
Online gambling group reports revenues and EBITDA significantly up
The German online gambling group Jaxx posted its Q2-2012 results this week, showcasing a 20 percent rise in net gaming revenues to Euro 15.62 million, and EBITDA well up at Euro 6.95 in the quarter.
Other highlights of the report included:
* H1-2012 NGR reached Euro 33.93 million - up 21 percent year-on-year thanks mainly to Euro 2012 football action
* Strong customer growth over the half year
* Earnings before interest and tax alone reached Euro 5.95 million.
* Consolidated earnings in the first half - in red ink at this time last year - were back in the black by Euro 6.53 million.
Management reported that the Euro 2012 football in Poland and the Ukraine had provided record betting stakes on the myBet online platforms and in the betting shops and led to a substantial increase in user numbers.
"The number of registered users rose by 56,000 to 959,000 in the second quarter. More than 23,000 customers on average per month placed a bet online during the second quarter and the figure reached 27,000 in June. In the comparable prior-year period the figure was just 16,000," Management reported.
“Betting stakes rose by 66 percent in the second quarter to Euro 51.7 million. The hold was doubled to Euro 7.2 million due to better margins. In a six-month comparison, betting stakes grew by 49 percent to Euro 97.6 million while the hold rose by 62 percent to Euro 16.5 million.”
“After the first six months, myBet again achieved a break-even operating result despite the planned intensification of customer acquisition and higher dividend distributions."
Looking ahead, Management predicted that the start of the European football league season is expected to boost the sports betting business, while experience of previous years indicates that particularly strong revenues and earnings growth can be expected in the fourth quarter.
MyBet's Schleswig-Holstein sports betting licensing will also empower the subsidiary to boost its direct marketing effort, the company noted.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
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.
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