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Plus500 issues Trading Update
Thursday July 9,2015 : C.F.D. FIRM PLUS500 ISSUES TRADING UPDATE
Revenue up, but EBITDA hit by rising acquisition costs and lower customer-spend.
Plus500, the contracts for difference financial firm targeted for acquisition by Playtech has issued a trading update covering the six months to June 30, highlighting the following key points:
* H1-2015 revenue up from $106.2 million in the comparative period in 2014 to $127 million this year;
* New customer registrations signups are up 19,544 to 52,217 this year;
* Active customers rose by 26,035 to 93,267;
* But average revenue per customer dropped to $1,362;
* Per head average customer acquisition costs were up significantly from $745 to $1,037;
*EBITDA declined $72 million in H1-2014 to $55.8 million in the first half of this year;
Gal Haber, chief executive of Plus500 commented: “The investment which we continue to make in the Plus500 brand and infrastructure has proved its value during the recent period of disruption during which we traded profitably in each month.
“Our superior proprietary technology and continued investment in the business position us well for continued profitable trading.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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