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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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Colorado Racing Commission Approves Mile High DFS -
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Kenya Betting Control Board Reviewing Changes -
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Britan To Tighten SpreadBetting Controls -
The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.
Playtech to Buy Back 50 Milliuon in Shares -
#playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.
Sentencing in Vietnam Gambling Bust -
The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.
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