Mybet Full Year Boosted By Sports Betting

2014 progress shows we are on the right track, says CEO

The online gambling group Mybet has posted its 2014 FY report, noting that a strong performance from the sports betting division was an important contributor to a successful year.
Key metrics highlighted by the company included:
* Revenue up 5.1 percent at Euro 70.4 million;
* Sports betting revenues climbed to Euro 40.3 million (2013 FY: Euro 33.3 million);
* Online casino and poker revenues dipped to Euro 21.9 million (2013 FY: Euro 23.4 million);
* EBITDA of Euro 600,000, a recovery from 013's loss of Euro 11.3 million;
Chief executive officer Sven Ivo Brink reported that the company had introduced a large number of new products and features, including a loyalty card, betting terminals and new, improved mobile applications, and that better cost control had been implemented.
"The performance in 2014 shows that we are on the right track," he said, adding that Mybet expects to report revenues of between Euro 70 and Euro 75 million in 2015.

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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