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EBITDA up 33 percent, and turnover at BetInternet grows by 40 percent
Webis Holdings, which owns the sportsbetting site BetInternet.com has released preliminary results for the year to end May showing a 33 percent increase in EBITDA - up at GBP 215000, compared to last year's GBP 162 000, and group turnover rising to GBP 117.2 million (2007: GBP 86.9 million).
Operating profit reached GBP 34 000, a solid turnaround from last year's loss of GBP 33 000 in 2007.
The Betinternet.com sportsbook recorded turnover up 40 percent to GBP 86.8 million (2007: GBP 62.1 million) which management attributed to a larger investment in European marketing activities. This had also had a positive impact on revenues achieved by its two online casinos and fixed-odds games, which accounted for 66 percent of the sportsbook's total revenues for the period.
Subsidiary European Wagering Services’ pari-mutuel business saw turnover rise by 23 percent to GBP 30.4 million (2007: GBP24.8 million), boosted by a significant improvement in performance in the second half of the period, which saw the resolution in November 2007 of US-related payment issues.
The company revealed that it has upgraded and relocated its sportsbook hardware facility to a purpose-built facility on the Isle of Man, and launched its redesigned link2bet.com website in September 2008.
Webis chairman Denham Eke said: “The improved trading performance for the period is a direct result of the board's strategy for the company in a number of different areas including marketing activity, IT systems, capital expenditure and the ongoing identification of cost-savings. Trading for the first quarter of the current financial year was ahead of expectations and I look forward to reporting further progress in due course.”
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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