SBC News Voice of the Sports Betting Industry
Updating the market on its year-to-date corporate performance (nine-month period ending 30 September) European sports betting operator Interwetten has reported a group revenue uplift of 27% to €50 million.
Following strong consecutive quarter performances, Interwetten governance detailed that the company was targeting a ‘breakthrough of €1 billion turnover threshold’.
For its YTD 2016 performance, the European operator has generated a corporate net profit of €11 million boosted by a 42% group revenue uplift recorded between July-September.
Interwetten CEO Werner Becher stated that the company was positive of hitting all yearly corporate targets as 2016 was proving to be the firm’s most successful year in operations.
“For sure, like with previous years, 2016 will go down as the most successful year in the company’s history. It is particularly satisfying to see that we managed to sustain the verve created by Euro 2016 and carry it forward into new football season.”
Updating investors for 2017, Interwetten governance stated that it was ‘preparing to build up one additional core market’, to support its corporate growth in Germany, Spain and Greece.
Interwetten governance detailed that its new market entry will be supported by extensive ‘positioning of its brand’ and establishing a significant TV coverage presence.
