Interwetten praises record results despite ‘major regulatory challenges’

Sports betting and online gaming operator Interwetten has celebrated reaching a new record for its 2019 financial year, despite ‘major regulatory challenges’.

Publishing a trading statement, Interwetten recorded a gross gaming revenue (GGR) of €99.5m for the year, marking a 25% increase compared to 2018, with betting stakes rising over €2bn for the first time.

Dominik Beier, speaker of the board at Interwetten, commented: “This great year 2019 is the result of fantastic teamwork and achievements across all company divisions. A record result, without a European or World Cup and in view of the major regulatory challenges, is absolutely extraordinary.

“Our size and structure enables us to work flexibly and quickly. For us, it is now important to continue to go full power. 2020 is a very important year, which will be marked by the product offensive, the European Football Championship and expansion into new, regulated, markets.”

Interwetten launched its new advertising campaign across Germany, Austria, Spain and Greece in 2019, while also strengthening its sponsorship portfolio after securing agreements with German Bundesliga club VfL Wolfsburg and the Greek football league.

2019 also saw Beier taking over the position as Speaker of the Board from Werner Becher, who had held the position for seven years.

The operator placed particular focus upon the development of its product offerings, encompassing its gaming offer, live streaming and virtual products. Over the course of the year, Interwetten expanded its product portfolio, while also revising its mobile offering. Entering 2020. Interwetten has committed to launching another product offensive.

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