Mybet Continues To Struggle In H1-2016

Online losses deepen

Mybet Holdings has posted its H1-2016 results, reporting:
* Online revenues in decline, with online casino down 25 percent year-on-year to Euro 8.3 million, and online sports betting revenue down 35 percent at Euro 4.4 million;
* Group revenue down 16 percent at Euro 24 million;
* EBITDA a loss of Euro 1.3 million (H1-2015: loss of Euro 816,000;
* Sale of German horse racing subsidiary pferdewetten.de for Euro 9.9 million, which enabled the company to post a profit of Euro 4.2 million and will be deployed in the integration of a new digital operating platform.
InfoPowa readers will recall that earlier this month Mybet CEO Zeno Ossko left the company to take up a new post as m.d. of BetStars in the Amaya Group. He was replaced by chief financial officer Markus Peuler.

Online Casino News Courtesy of Infopowa

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Casinomeister

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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