Wednesday January 13,2016 : GOOD REVENUE GROWTH AT ONLINE GAMBLING GROUP
Malta-licensed sports betting operator Interwetten posts revenmue growth of 21 percent y-o-y.
The predominantly online sports betting group Interwetten has posted net gaming revenue up 21 percent year-on-year to Euro 50.2 million in 2015, on GGR up 19 percent to Euro 55 million.
The company reported turnover on betting up by 20 percent to Euro 951 million despite withdrawal from the UK, Hungarian, Portuguese and Bulgarian regulated markets.
Interwetten director Werner Becher said that fortunately none of the countries from which the company exited had been core markets for Interwetten.
One year on from Interwetten's return to the Greek market, the company noted that this region had enabled the company to diversify and generate additional revenue.
"Thanks to strong investments in our unique products developed in-house and increased efficiency in marketing and CRM, 2015 will go down as by far the most successful year in the company’s history,” he observed.
Becher said that operations in Spain through Interwetten.es had produced revenues up by 68 percent in Q4-2015, observing:
“Although the Spanish market is very competitive, and Interwetten is not investing as much money into marketing as some of its competitors do, Interwetten successfully defended its top-10 market position in 2015.
“As there are not too many regulated markets in Europe offering economically reasonable conditions for online gaming providers, we pursue a long-term strategy in which Spain is one of our core markets.”