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Mybet 2012 ist half results

Tuesday October 16,2012 : MYBET TURNS IN GOOD HY1 RESULTS
 
European football tournament good to company
 
German-based sports betting provider mybet Holding SE has reported strong HY1 2012 results attributed in part to record figures derived from the UEFA European Championship.
 
Key Performance Indicators H1/2012 include:
 
-     A rise in consolidated revenue of 21 percent to Euro 34.3 million (HY1/2011: Euro 28.4 million).
 
-     Gross revenue, which includes betting stakes, up by 40 percent to Euro 124.5 million (HY1/2011: Euro 89.2 million)
 
-     Betting stakes grew by 49 percent to Euro 97.6 million, while the hold rose by 62 percent to Euro 16.5 million (H1/2011: Euro 10.2 million).
 
-     EBIT was Euro 7.7 million (HY1/2011: Euro -142 thousand).
 
Key Indicators Q2/2012 comprise:
 
-     Consolidated revenue of Euro 15.8 million, up by 20 percent (Q2/2011: Euro 13.2 million)
 
-     Gross revenue climbed 47 percent to Euro 64.3 million (Q2/2011: Euro 43.6 million)
 
-     Registered users rose from 56 000 to an impressive 959 000 with an average 23 000 customers per month placing a bet online compared to 16 000 in the same period last year.
 
-     Betting stakes rose by 66 percent to Euro 51.7 million, while the hold doubled to Euro 7.5 million due to better margins.
 
-     EBIT of Euro 6.0 million (Q2/2011: Euro -0.4 million), impacted by the disposal of the lottery segment in German-speaking countries which resulted in other operating income of Euro 7.7 million.
 
Mybet's H2/2012 outlook is positive with emphasis on its Schleswig-Holstein licence.  Despite reservations on the high tax burden on betting stakes of 5 percent, the company says it should have minimal negative effect on earnings as it is emerging that sportsbetting providers are passing the tax directly on to the consumer.
 
Mybet's Management Board anticipates revenue of between Euro 65 and 70 million and EBIT of between Euro 9.0 and 10.0 million (of which Euro 7.7 million is attributable to the deconsolidation of the lotteries area).



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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