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SNAI Online casino gaming and horse racing revenues dip
Tuesday November 11,2014 : SNAI REPORT FLAGGING 9M FINANCIALS
Online casino gaming and horse racing revenues dip
Italian operator SNAI reported a mixed performance in terms of its nine months to September 30, 2014 period saying strong results from VLTs and the introduction of virtual sports betting partially offset a decrease in revenues from horse race betting.
Key financial highlights for the first nine months of the year ending September 30, 2014 include:
- Revenues amounting to Euro 393.9 million, up 11.8 percent
- EBITDA at Euro 81.2 million, up 25.9 percent
- Net financial position of Euro -424 million
- Sports betting stakes amounted to Euro 551.6 million, down 7 percent compared to 9M/2013. Of these, Euro 99.8 million originated from SNAI's online channel.
- Net revenue for sports based games, including pool betting, amounted to Euro 103.8 million (9M/2013: Euro 103.6 million)
- Horse race wagers amounted to Euro 183.7 million (9M/2013: Euro 252.8 million), a decrease of 27.3 percent.
- Horse race revenues amounted to Euro 16.8 million (9M/2013: Euro 21.4 million), a decrease of Euro 4.6 million.
- Revenues from online skill and casino games amounted to Euro 15.1 million (9M/2013: Euro 18.9 million).
- Virtual sports betting stakes rose significantly to Euro 262 million (9M/2013: Euro 33.4 million).
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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