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Strong Online Growth For Mybet
Monday May 6,2013 MYBET BENEFITS FROM STRONG ONLINE GROWTH IN LATEST RESULTS
Loss of lottery operation covered by online growth
Kiel-based firm myBet (formerly JAXX SE) said it has more than compensated from the loss of income from lottery operations sold off in 2012 thanks to strong growth in its core business involving sports betting, casino and poker products in the first quarter of 2013.
Key performance highlights include:
Revenue rose 8.0 percent to Euro 20 million (Q1/2012: Euro 18.5 million)
Gross revenue of Euro 62.1 million (Q1/2012: Euro 60.1 million), up 3.3 percent
Sports and betting revenue of Euro 11 million (Q1/2012: Euro 9.7 million), up 13.8 percent
Casino & Poker revenue of Euro 6.6 million (Q1/2012: Euro 4.7 million), up 39.3 percent
Customer registrations rose by 52 000 during the quarter amounting to 1.1 million, 54 percent up over the same period last year.
EBITDA of Euro 0.8 million (Q1/2012: Euro 3 million), attributed to loss of income from lottery operations which reflects a decrease of 73.8 percent.
Consolidated earnings reached Euro 389 thousand (Q1/2012: Euro 1,057 thousand).
The company said an increase in marketing and IT investment paves the way for further growth and increased profitability going forward.
The company's expectations for the 2013 financial year as a whole remain unchanged, with consolidated revenue forecast to reach Euro 80.0 to 87.0 million.
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.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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