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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.

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

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SIS Stream To Deliver racing games to online customers - Online and retail betting industry provider SIS has signed a multi-year deal that harnesses the power of its SIS Stream product to deliver 49s-branded racing games to online customers.

Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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