Tag Archives: mybet

Margin impacts hit mybet Q1 2015 performance

Reporting on its Q1 2015 opening, European Sports betting operator mybet recorded a slight year-on-year rise in revenues to €18.3 million. The operator revealed that due to player margin impacts in February and March, mybet’s improvements in product wagering and efficiencies had not been reflected in the operators revenues and earnings. Company governance was pleased with the operator’s solid start …

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mybet feels positive for 2015 as operator undergoes 2014 turnaround

The governance of European sports betting operator mybet Holdings has stated that it will continue to focus on repositioning its company within the European sports betting and igaming markets. Reporting on its full year 2014 performance, governance maintained mybet Holdings had performed a ‘turnaround’ in 2014 with corporate revenues up 8% to €70.4 million (FY 2013: €65 million ). Having …

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mybet launches Betradar live channel for retail betting shops

Betradar,  supplier of sports and betting related data, has announced the successful launch of its retail Live Channel across selected mybet shops across Europe. The dedicated branded channel was introduced and implemented as “Mybet.tv” at of beginning of January. The Live Channel Retail product developed by Betradar provides a unique combination of live odds, live statistics and most importantly, live …

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mybet scores BILD betting partnership

German online sports betting operator mybet Holdings has announced the agreement of a betting partnership with popular German sports newspaper BILD. The agreement between the two parties will see mybet deliver special odds and promotions on Bundesliga 2014/2015 matches to  BILD readership. The operator’s sports betting product will promote on both BILD digital and media publications. BILD, Germany biggest distributed …

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mybet sells off Spanish business division

German based European igaming and sports betting operator mybet have announced the sale of its Spanish business division to Digidas SL, for a reported fee of €275,000. Senior management chose to close operations in the region and sell off the division assets , in order to recover from €5.4 million (£4.3 million) losses posted in 2013. mybet senior management confirmed …

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Mybet wins German court ruling on lottery sales provisions

The Higher Regional Court of Dusseldorf has ordered lottery operator Westdeutsche Lotterie (WestLotto) to pay Mybet Holdings damages of €11.5 million plus interest, as Mybet Holdings won its court hearing regarding its prevention to sell lottery goods in German supermarket chains and petrol stations. WestLotto a government licensed independent lottery supplier, had order an injunction to stop the operator from …

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Mybet Post Poor 2013 Results

German sports betting and igaming operator – Mybet published a €5.4 million (£4.46 million) loss for 2013. A company statement issued by the operator commented described its 2013 performance as a “deeply unsatisfactory “12 months”. The operator saw an earnings fall of 150%, as Mybet incurred losses from several of its divisions. Revenue declines had been driven by poor performance …

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Sports Betting on the up in Ghana

Ghana sports betting is on the up according to African Business Correspondence Magazine ‘Ventures Africa‘. Ghana one of the leading lights in African business and GDP is witnessing a popular birth of regulated and licensed sports betting in accordance with its national laws. Over the past 18 months Ghana has approved 5 sports betting operators to offer odds and pool …

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