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Mybet Weak Earnings Report
Friday November 9, 2012 : MYBET WEAK MARGINS AFFECT REVENUE
But strong growth and a positive outlook
mybet Holding SE published its report on the first nine months of 2012 delivering strong growth but weak bookmaking margins which affected revenue.
Key performance highlights for the Group over the period include:
- Revenues of Euro 49.3 million, up 14.3 percent.
- EBIT was Euro 6.8 million with lottery divestment proceeds of Euro 7.7 million ergo the operating result was Euro -1.0 million.
- Total number of customers exceeded 1 million.
- Betting stakes rose 40 percent to Euro 136.3 million (9M/2011: Euro 15.6 million).
In a departure from its original plans, mybet financial performance was boosted by the end-customer paying the entire German gaming tax with 5 percent added to betting stakes since July 1, 2012.
The Company said it has experienced a strong start to the fourth quarter of 2012 which promises record betting stake levels and good margins. The imminent launch of its mybet app for iOS and Android platforms should further its full year fiscal goals.
Based on nine-month figures and continued progress in the fourth quarter, mybet said it expects revenue of between Euro 65 and 70 million for the 2012 fiscal year along with a positive EBIT.
Gambling News :
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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