Frankfurt-listed European lottery operator Zeal Group has stated that it is confident in its international projects and investments having concluded a busy H1 2017 period Last week the digital lottery operator detailed ‘solid’ H1 2017 results, with the company reporting group revenues of €64 million combined with an operating EBIT of €7.9 million. Updating investors and stakeholders, Zeal governance stated …
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Frankfurt Xetra-listed online betting operator bet-at-home AG has detailed a strong H1 2017 financial performance (period ending 30 June) with the company reporting significant gains across its core revenue and EBITDA metrics. “In the first half of 2017, the listed online sports betting and gaming provider continued its successful development and could clearly outperform the dynamic growth of the previous …
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Publishing its Q1 2017 trading statement, Frankfurt Xetra-listed European sports betting operator mybet Holding SE has detailed continued negative declines in its corporate revenues and earnings. A tough Q1 opening, has seen mybet post group revenues of €8.9 million, down 29% on corresponding Q1 2016’s €12.5 million. The operator detailed that its online casino product, had been ‘out of operation’ …
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Updating investors, Frankfurt Xetra-listed online bookmaker mybet Holdings SE has informed that its Supervisory Board has granted the approval for the company to raise its year ‘target values for earnings before interest and taxes (EBIT) as well as the firm’s full-year cash position. The board’s decision follows this month’s notification that mybet has finally settled out-of—court its Westdeutsche ‘WestLotto’ Lotterie …
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Updating the market, Frankfurt Xetra-listed online bookmaker mybet Holdings has informed that it has settled out-of-court its damage claims for ‘cartel infringement’ against the Westdeutsche ‘WestLotto’ Lotterie GmbH & Co. The bookmaker closes its ten-year legal proceedings against WestLotto, a German licensed retail lottery operator that had issued an injunction order against mybet selling ‘over-the-counter’ lotto services. In 2014 the …
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Nearly two years in development and having taken up significant corporate funding, Frankfurt Xetra-listed bookmaker mybet Holdings has announced the upcoming full launch of its in-house developed IT platform. Updating investors, mybet CEO Markus Peuler detailed that the platform would be ‘put into full operation on 21 March’, making it the biggest infrastructure release in mybet’s corporate history. Following a …
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Reuters UK has reported that the private owners of Novomatic Group are exploring a corporate initial public offering that could value the gambling machine manufacturer and industry systems provider at €6 billion (£5.3 billion). The Vienna-based private company is reported to have hired Australian investment bank Macquarie Group as corporate advisor, with stakeholders eyeing a floatation on London or Frankfurt …
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Following its Q3 ‘preliminary’ trading update, the governance of Frankfurt Xetra-listed mybet Holdings SE has informed investors that it will further reduce its full-year 2016 corporate revenue forecasts to between $43-46 million. Issuing a short corporate statement, mybet governance detailed that the operator had continued to witness a ‘negative trend in revenues from previous quarters’. mybet would declare that its …
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Updating the market on its half-year 2016 performance (period ending 30 June), Frankfurt-listed sports betting operator mybet Holdings SE (mybet) stated that the period was characterised by two factors; its continued decline in revenues and the sale of German horseracing wagering operator pferdewetten.de. Closing a tough H1 period, mybet would record a -16% decline in group revenues to €24 million (H1 …
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Increased marketing costs attached to Euro 2016 have seen Frankfurt-listed European sports betting operator bet-at-home AG post a 42% decline in corporate earnings to €9.6 million (H1 2015: €16.5 million) for its H1 2016 results (period ending 30 June). Detailing period expenditure, bet-at-home governance specified that the company had spent €26.6 million (H1 2015: €15 million) on advertising its brand …
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