Mybet Sustains Full Year 2015 Losses

Online gambling group experiences lower activity in sports betting, poker and casino, but horserace wagering was up

Online gambling group Mybet has posted a significant FY-2015 loss, with net profit of Euro 215,000 in 2014 developing into a loss of Euro 8 million this year following an "array of challenges."
Revenue fell across the company's casino, poker and sports betting businesses, although there was some pick up on horseracing wagers.
CEO Zeno Osskó reported adjusted revenue of Euro 69.2 million, down from FY-2014's Euro 70.4 million, and EBITDA fell dramatically from a positive of Euro 3 million in the preceding year to a loss of Euro 1 million in FY-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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