Tag Archives: mybet

Germany rejects EC rulings and approves betting 2nd State Treaty

Despite being deemed a ‘non-viable solution’ by the European Commission, the German Bundestag (lower-house) yesterday approved the progression of 2nd Modified State Treaty on Gambling (Glücksspieländerungsstaatsvertrag). Progressing the treaty, which allows a ‘transitional arrangement’ for bookmakers to offer online betting services as the German government revamps its national gambling framework expected in 2018. Last October, German officials presented the Second …

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High Expectations…mybet to launch new IT platform on 21 March

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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mybet further reduces 2016 revenue forecasts

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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Continued digital revenue decline impacts mybet H1 2016 performance

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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mybet confirms resignation of Zeno Ossko as CEO

Frankfurt Xetra-listed betting operator mybet Holdings SE (mybet) has confirmed that Chief Executive Officer Zeno Ossko has stepped down from leadership of the company. Ossko will officially depart mybet on 31 August, with CFO Markus Peuler taking on combined leadership responsibilities on an interim basis. Ossko’s decision to resign as CEO, ends a ten-year career with the German sports betting …

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mybet folds on its poker offering

It has been announced that mybet is to stop offering poker on its site as it looks to reassess and focus its efforts on betting and casino games. This announcement follows the news that mybet has sold its stake in Pferdewetten.de, the German horseracing betting firm, in order to raise some much needed funds. The mybet group lost €8 million (£6.6m) last …

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mybet secures funding through sale of pferdewetten.de

Updating the market Frankfurt Xetra-listed mybet Holdings SE has confirmed that it has sold its stake in German horse racing firm pferdewetten.de for a sum of €9.9 million. Seeking to raise new funds for its internal operations, mybet detailed last week that it had agreed to sell its +1.8 million unlisted shares in pferdewetten.de to a number of private investors. mybet governance …

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Cash strapped mybet sells stake in Pferdewetten.de

Seeking to increase its operating ‘cash’ capital, Frankfurt Xetra-listed online betting operator mybet Holdings SE (mybet) has confirmed that it has sold its stake in German horseracing firm Pferdewetten.de. Following a review of its corporate assets, mybet governance decided that selling its stake in Pferdewetten.de would be the best option as the company looks to meet investment terms for its …

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mybet SE delays platform launch as performance slump continues

Frankfurt Xetra-listed European betting operator mybet Holdings SE continues its performance slump reporting an 11% revenue decline to €14.9 million for its Q1 2016 opening (period ending 31 March). The operator who reported €8 million group losses in 2015, recorded performance declines in core divisions as online betting revenues dropped 10% to €8.2 million (Q1 2015: €9.2 million).mybet would post …

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Player activity decline sees Mybet post €8 million losses for 2015

Frankfurt Xetra listed bookmaker mybet Holdings SE ends a difficult 2015 posting full-year EBIT losses of – €8.8 million (FY 2014: €500,000). Throughout 2015, the German focused bookmaker had been impacted by a downturn in player activity, with its online sports betting division witnessing a wagering decline from €100 million (2014) to €95 million (2015). Presenting 2015 results, mybet would …

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