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Tipp24 Another excellent year yields record earnings
02/01/2012 : TIPP24 EXCEEDS OWN FORECASTS IN 2011
Another excellent year yields record earnings
German online gambling company, Tipp24 SE has exceeded its own forecasts for 2011 with record earnings for its twelfth consecutive year.
Unaudited figures for the fiscal year 2011 include:
- Consolidated revenues up 36 percent to Euro 142 million (2010: Euro 104.5 million)
- EBIT growth of 64 percent to Euro 50 million (2010: Euro 30.3 million)
- Consolidated net profit Euro 32 million (2010: Euro 19.6 million)
Dr. Hans Cornehl, chief executive officer of Tipp24 SE, states: “In a frequently changing regulatory environment, Tipp24 generated sustainable revenue and earnings growth in its fiscal year 2011. Since its foundation in 1999, the company has now posted record results in every one of its twelve fiscal years.
“Tipp24 is therefore excellently placed to achieve its key strategic targets. Our main focus is on re-establishing our German business and growing our international business, also as a service provider for lottery organizers.”
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.
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