Tag Archives: Zeno Ossko

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …