Bet-at-home Q1 Reports An Upward Trend

Optimistic start to the financial year

Bet-At-Home.com AG attributed a positive first quarter 2014 to positive developments in gross revenue, efficiency increases in marketing and an ongoing reduction in operating expenses.

Key performance highlights include:

 

– EBT increased by Euro 4.7 million to Euro 8.3 million (Q1/2013: Euro 3.5 million)

– Increase in gross gaming revenue by 10.9 percent to Euro 25.2 million (Q1/2013: Euro 22.7 million)

– EBITDA reached Euro 8.0 million (Q1/2013: EUR 3.4 million).

– EBIT increased by Euro 4.5 million to Euro 7.8 million (Q1/2013: Euro 3.3 million).

– Group financial result increased to Euro 0.4 million (Q1/2013: Euro 0.2 million).

– Gross betting and gaming revenue was Euro 25.2 million (Q1/2013: 22.7 million), up 10.9 percent

– Gaming volume amounted to Euro 495.2 million, (Q1/2013: 477.5 million), up 3.7 percent

– Sports betting tax and gaming charges amounted to Euro 3.3 million (Q1/2013: Euro 3.2 million)

– Net gaming revenue increased to Euro 21.9 million (Q1/2013: Euro 19.5 million)

– Decrease in marketing spend to Euro 7.7 million (Q1/2013: Euro 10 Million)

– Increase in registered customers to 3.7 million (Q1/2013: 3.3 million).

– Other operating expenses of Euro 3.1 million (Q1/2013: Euro 3.5 million), down 11.2 percent

– Group equity increased substantially to Euro 50.1 million (31.12.2013: Euro 44.6 million), resulting in an increased Group equity ratio of 66.0 percent (31.12.2013: 64.5 percent).

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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