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Lotto24 preliminary first quarter 2016 estimate
Wednesday April 13,2016 : LOTTO24 ANTICIPATES SUCCESSFUL FIRST QUARTER
New customers and reduced acquisition costs drive strong results.
In a preliminary first quarter 2016 estimate German lottery firm Lotto24 AG said an increase in new customers and significantly reduced acquisition costs augur well for a successful first quarter.
Key highlights for the period ending March 31, 2016 include:
- A 66 percent rise in billing to Euro 41.4 million (Q1/2015: Euro 25 million).
- An 85 percent rise in revenues to Euro 4.4 million (Q1/2015: Euro 4.4 million)
- Gross margin of 10.7 percent (Q1/2015: 9.5 percent)
- Customer acquisition strategy surrounding Euro 75 million EuroJackpot resulted in 106,000 new sign-ups (Q1/2015: 56,000)
- Total customer base reached 989,000 (Q1/2015: 577,000)
- EBIT improved to Euro -2.1 million (prior year: Euro -3 million and the net result amounted to Euro -0.9 million (Q1/2015: Euro -2.6 million).
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.
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