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Tipp24 has posted its best annual results

03/28/2012 :  TIPP24 REVENUES ALL-TIME HIGH (Update)
 
Selling off Skill-Based Games Business and launching new business unit
 
Following its unaudited 2011 results announcement last month, Tipp24 SE's audited 2011 results reached an all-time high the company reported this week.
 
Tipp24 has posted its best annual results in the company's history for the twelfth consecutive year, with the greatest share in Revenues derived from its Abroad segment.
 
Key performance highlights include:
 
-     Consolidated revenue grew by 36.7 percent to a record Euro 139.3 million (2010: Euro 101.9 million)
 
-     EBIT increased 58.8 percent to Euro 51.9 million (2010: Euro 32.7 million)
 
-     EBIT margin was up 5.2 percentage points from 32.1 percent to 37.3 percent.
 
-     Consolidated net profit rose by 85.9 percent to Euro 36.3 million (2010: Euro 19.6 million).
 
-     Earnings per share from continued operations amount to Euro 4.80 (2010: Euro 2.85).
 
-     Available funds at the end of the year amounted to around Euro 129 million.
 
-     Abroad segment was largely responsible for the development of business with revenue of Euro 141.5 million (2010: Euro 103.7 million) million and an EBIT result of Euro 60.0 million (2010: 40.2 million).
 
-     The Germany segment contributed just Euro 0.6 million (2010: 0.6 million).
 
Tipp24's German Skill-Based Games business model has proven unable to match the profitability of the company's core lottery brokerage business over the long term and as such will be sold off, a company statement said.
 
Commenting on the remaining less liberal 15 German States' progress on draft gaming legislation, Tipp24 SE's chief executive officer, Dr. Hans Cornehl, said:  "Using the risk of addiction to justify extensive bans for private lottery providers is no longer tenable. It is high time that commercial lottery brokers were once again granted non-discriminatory market access in line with EU legislation.'
 
The company is optimistic on its German relaunch, within the framework of Schleswig-Holstein's gaming laws, saying: "We are convinced that we can successfully utilize the considerable opportunities which this market offers and establish a strong and distinctive brand with Lotto24.de."
 
Future strategies include expanding its presence in Spain and the United Kingdom and the formation of a new business sector which will offer Internet services for international lottery organisers.
 
Predicting the year ahead as one of sweeping change, Tipp24 has forecast an EBIT result of at least Euro 35 million and revenues of at least Euro 130 million.



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Box 24 Launches 3 New Slots - This week sees the addition of 3 New Games at Box24 Casino. Check them out they all seem pretty interesting.

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

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