Tag Archives: mybet

mybet secures €5 million fund raising through convertible bond

Issuing a market update Frankfurt Xetra listed bookmaker mybet Holdings SE has confirmed that it has successfully completed the funding of €5 million (£3.5 million) through it convertible bond loan placement. Specifying the fund raising round, mybet governance detailed that the operator would pay 6.25% interest on the €5 million figure raised. The German facing operator further stated that its …

Read More »

November Wins as NYX Gaming gains Tier 1 partnerships

NYX Gaming boosts content coverage with tier 1 operator partnerships The month of November has seen Toronto Listed online gambling software and content supplier NYX Gaming announce tier 1 games partnerships with European operators Paddy Power, 888 and Mybet. NYX Gaming will extend its industry supplier profile, by sealing games content agreements with 888 and Paddy Power, which will see …

Read More »

mybet targets €5 million investment with new issue of convertible bond

Frankfurt Xetra listed bookmaker mybet Holdings SE has issued a market statement detailing that it will look to raise €5 million (£3.5 million) in funds through the issue of new convertible bond. The funds will be used expand mybet’s existing marketing services and further the development of the operator’s new IT platform. mybet governance who issued a 2015 profit warning …

Read More »

Player activity decline sees mybet revenues & earnings tumble in Q3 2015

Having issued a 2015 profit warning in September, Frankfurt Xetra listed mybet Holdings recorded a 7% decline in group net revenues to €16.5 million for Q3 2015 (period ending 30 September). The European operator recorded revenue declines in all key verticals (apart from horse racing), as it posted net losses of -4.2 million for the period (Q3 2015 -€440,000). The …

Read More »

mybet sells payment arm C4U Malta

European sports betting operator mybet SE, has confirmed that it has sold payment services provider C4U Malta for €3 million as company management continues to restructure its operations. Alerting the market the Frankfurt listed operator did not disclose the name of the acquiring party for C4U Malta assets. mybet governance stated that the company would now focus on “sports betting …

Read More »

mybet issues profit warning as platform costs grow

Frankfurt Xetra listed bookmaker mybet Holdings SE, has issued a profit warning to the market stating that it expects to post a higher operating loss for its 2015 financial performance. Issuing a brief statement the operator detailed that it had broadened its EBIT forecast of -€500,000 to a negative single € million loss for 2015. The bookmaker led by new CEO Zeno …

Read More »

Ligue 1 easy to read for bettingexpert tipsters

The French football league proved to be the most predictable on the continent over the past weekend, as tipsters on bettingexpert.com performed better on the Ligue 1 matches than any other division. Of the 5,000+ football tips posted on bettingexpert’s community this weekend, the ones focusing on French football were the most profitable for tipsters, with the Austrian Bundesliga and …

Read More »

Decreased player activity & margin impacts hinder mybet H1 2015 performance

A decline in player activity has impacted German sports betting operator mybet SE H1 2015 performance. Issuing a corporate update (period ending 30 June), the operator would record a 5.5% increase in group revenues to €36.3 million (H1 2014 – €34.4 million). The increase in group revenues did not translate to positive earnings and profits performance which saw the operator …

Read More »

EIG Start-Up Launch Pad judge welcomes innovation generators

Embracing innovative start-ups is ‘a matter of survival’ for established corporations in the gaming sector, according to Burckhardt Bonello, the chief executive of Found Fair Ventures and founder of mybet. Bonello will take his place on an expert panel of judges who will grill the finalists pitching at the 2015 EiG Start-Up LaunchPad competition in Berlin in October. Bonello told TotallyGaming.com that he has been encouraged …

Read More »

Sven Ivo Brinck quits as CEO of mybet

The governance of European sports betting operator mybet SE Holdings, has accepted the resignation of CEO Sven Ivo Brinck. Brinck will depart from the operator at the end of the month and will be replaced by Zeno Ossko, current Director of Business Development and Commercials. Ivo Brinck had been appointed CEO of mybet in December 2013 replacing Mathias Dahms. As …

Read More »