SBC News bet-at-home elevates GGR landing as business is reviewed by FL Entertainment

bet-at-home elevates GGR landing as business is reviewed by FL Entertainment

The board of bet-at-home AG has upgraded the full-year revenue guidance of the Frankfurt Boerse online gambling group

The upgrade follows a positive period of World Cup trading registered during the closing months of 2022.  

Updating shareholders, “bet-at-home.com AG now expects its consolidated gross betting and gaming revenue (GGR) to stand in the range of €52 to €54 million in the financial year 2022 (previous: €45 million to €50 million).”

Despite improved FY2022 GGR results, bet-at-home will not upgrade its FY EBITDA guidance, which stands at a loss of €2m-to-€4m, as group results account for the impairment of discontinued Austrian market assets during H1 trading.

Corporate governance stated that it could “not conclusively determine to what extent risk provisions associated with former business activities will be required in the annual and consolidated financial statements for the financial year 2022.”

Bet-at-home continues to prioritise ‘reorganisation measures’ focused on delivering cost reductions on existing operations to channel savings into earnings-effective initiatives benefiting the growth of its online business.

Elsewhere, parent company FL Entertainment NV reported online gambling revenues of €591m (+6%), attributed to the improved performance of its BetClic subsidiary returning to growth in France.

Pan-European media and entertainment group Fl Entertainment continues to revise its 53% stake in bet-at-home alongside other investment assets following the group’s listing on the Amsterdam EuroNext Exchange. 

SBC News bet-at-home elevates GGR landing as business is reviewed by FL Entertainment

Check Also

SBC News Laurent Lassiaz, JOA Group: French peers want to see iCasino regulated in next 18 to 24 months

Laurent Lassiaz, JOA Group: French peers want to see iCasino regulated in next 18 to 24 months

As political machinations dominate French news, Laurent Lassiaz, CEO of France’s second largest casino operator …

SBC News Damir Böhm, Tipwin: Retail can't retreat from reality…

Damir Böhm, Tipwin: Retail can’t retreat from reality…

The decade of the 2020s has unsettled retail betting across all markets, as heritage operators …

SBC News GGL to begin Moser Chairmanship from 1 July

GGL to begin Moser Chairmanship from 1 July

Gluecksspiel (GGL), the Federal Authority of German Gambling, will start its chairmanship under Reiner Moser …