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Casinomeister`s hard working PAB manager (maxd) updated his Betclic warning yesterday (here).
It is not possible to reply to threads in the “Casinomeister Warning” section, so I am starting a new one based on his warning.
Betclic is offering games from different providers, but I think most players will see them as a “NetEnt casino” since their main casino is powered by Net Entertainment.
Betclic is part of the Betclic Everest Group (BEG). BEG is privately owned, which of course means that they are not required to publish financial information in the same way as publicly traded companies. But two of their owners are publicly traded (Paris Stock Exchange), so it is possible to look at their numbers in order to find out how BEG is doing.
One of their shareholders, Société des Bains de Me, reported this in their annual report for the financial year ended March 2011:
So it has been known for a longer time that this group is not doing very well. And I assume that the bad trend we saw early in 2011 continued throughout 2011. Their CEO (and others) resigned in 2011. Several of their sponsorship deals have also been ended recently, latest their deal with Juventus (as reported last month).
These are the brands in the group:
Betclic
Bet-At-Home.com (publicly traded)
Everest Gaming
Expekt
Net Entertainment also proudly announced in their Q3 presentation last year that “Monte Carlo is going online and they have selected Net Entertainment as a provider”.
Monte Carlo online (montecarlocasino.com) is a part of the Betclic Everest Group. I asked their casino manager earlier this year, and he told me that they had not started promoting yet. I found this quite strange, since the site had been up and running since some time last year. You do not launch a new online casino with the world famous Monte Carlo brand and put it on “hold” for several months unless you have some major problems. Not sure what the status is today, but I looked at their progressive jackpots (which is some of NetEnt most popular games) and it certainly does not seems like they have more than a couple of customers.
The warning from Casinomeister concerned Betclic. But I would like to add that I think players (and affiliates) should be careful or in my opinion avoid other brands in this group as well, especially montecarlocasino.com, Expekt and Everest Gaming.
Casinomeister`s hard working PAB manager (maxd) updated his Betclic warning yesterday (here).
It is not possible to reply to threads in the “Casinomeister Warning” section, so I am starting a new one based on his warning.
Betclic is offering games from different providers, but I think most players will see them as a “NetEnt casino” since their main casino is powered by Net Entertainment.
Betclic is part of the Betclic Everest Group (BEG). BEG is privately owned, which of course means that they are not required to publish financial information in the same way as publicly traded companies. But two of their owners are publicly traded (Paris Stock Exchange), so it is possible to look at their numbers in order to find out how BEG is doing.
One of their shareholders, Société des Bains de Me, reported this in their annual report for the financial year ended March 2011:
Lastly, the equity-accounting consolidation of Betclic Everest Group, an on-line gaming group that is 50% owned by Société des Bains de Mer, required the recognition of a 50% share of its net profit for the period from April 1, 2010 to March 31, 2011, for a negative share of €25 million. This loss corresponded to the consideration of acquisition costs and the impairment of intangible assets, in addition to a net operating income heavily impacted by the opening of the French on-line gaming market and high taxation.
The Group posted a consolidated net loss of €17.3 million for 2010/2011, compared to a profit of €1.1 million the previous year.
So it has been known for a longer time that this group is not doing very well. And I assume that the bad trend we saw early in 2011 continued throughout 2011. Their CEO (and others) resigned in 2011. Several of their sponsorship deals have also been ended recently, latest their deal with Juventus (as reported last month).
These are the brands in the group:
Betclic
Bet-At-Home.com (publicly traded)
Everest Gaming
Expekt
Net Entertainment also proudly announced in their Q3 presentation last year that “Monte Carlo is going online and they have selected Net Entertainment as a provider”.
Monte Carlo online (montecarlocasino.com) is a part of the Betclic Everest Group. I asked their casino manager earlier this year, and he told me that they had not started promoting yet. I found this quite strange, since the site had been up and running since some time last year. You do not launch a new online casino with the world famous Monte Carlo brand and put it on “hold” for several months unless you have some major problems. Not sure what the status is today, but I looked at their progressive jackpots (which is some of NetEnt most popular games) and it certainly does not seems like they have more than a couple of customers.
The warning from Casinomeister concerned Betclic. But I would like to add that I think players (and affiliates) should be careful or in my opinion avoid other brands in this group as well, especially montecarlocasino.com, Expekt and Everest Gaming.