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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.
Gambling News :
NBA Odds: Warriors Big Favorites to Beat Cleveland -
The Warriors didn’t take last year’s NBA Finals collapse lying down. They added Kevin Durant to the starting rotation; Durant is +220 to win this year’s Finals MVP award, while Cleveland superstar LeBron James is all by himself – also at +220. Kyrie Irving is the next closest Cavalier at +1000.
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
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