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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).
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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.
Plus500 Founders Selling Off Shares -
Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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