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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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