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Tipp24 Serious drop in net profi
Saturday November 15,2014 : TIPP 24 ONLINE SPORTS BETTING GROUP BATTLES
Serious drop in net profit reflected in year-to-date numbers.
A small increase in revenues but a big dip in earnings before interest and tax (EBIT) recorded by Tipp24 in its nine months year-to-date numbers is unlikely to please investors.
In a statement released this week Management revealed that in the nine months to September 30 revenues barely increased at Euro 105.4 million (Euro 1.4.4 million last year) , but earnings before interest and tax plunged from Euro 26.2 million in the comparative period last year to just Euro 11.1 million in 2014 thus far.
Net profit dived from Euro 18.4 million last year to Euro 1.1 million in 2014.
The decline is attributed to increased personnel, financial, consulting, marketing and operational costs as the company tries to expand its business in wider fields.
CEO Dr, Hans Cornehl assured investors that the company was on-track to meet its revised forecast, and reported progress on the company's geographically based online lotto enterprise in Britain, GeoLotto, apparently undeterred by the lack of success the concept encountered in the past in Maritime Canada
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.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
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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