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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.
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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