Mybet To Report higher than expected loss in earnings

Tuesday September 22,2015 : MYBET ADJUSTS FORECAST

Impacted by conditions in Greece and the introduction of a new platform.

German gaming firm mybet Holding SE has warned of a higher than expected loss in earnings for the current financial year than previously disseminated.

mybet now expects EBIT for the current financial year to be negative by “a single-digit million euro” amount as the company feels the impact of the introduction of a new technology platform and the subsequent write-off of the existing one.

In addition, capital controls in Greece are proving a burden on the activities of mybet Holding SE as it is with others in the industry, a statement said.

The management board expects no further negative impact on earnings in the coming financial year.