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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.



Gambling News :

Box 24 Launches 3 New Slots - This week sees the addition of 3 New Games at Box24 Casino. Check them out they all seem pretty interesting.

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

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