Tag Archives: bet-at-home

bet-at-home sees no summer bounce as DACH taxes drain recovery

bet-at-home AG has maintained its full-year 2020 revenue and earnings outlook despite all corporate metrics trading below 2019 comparatives, as the DACH markets bookmaker returns to full operating capacity.  Publishing its latest Q1-Q3 2020 trading statement, bet-at-home has recorded group revenues of €93 million, tracking 13% below 2019’s €107 million.   Despite its revenue downturn, which the operator attributed to COVID-19 …

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bet-at-home maintains 2020 outlook despite dire opening 

DACH markets betting group bet-at-home AG has recorded double-digit declines across all topline metrics, publishing its Q1 2020 trading update.    The Frankfurt Xetra bookmaker detailed that tough Q1 trading was compounded by the abrupt postponement of European sports and continued wagering declines recorded in Poland and Switzerland. Dealing with multiple headwinds, bet-at-home saw Q1 2020 wagering volumes drop by 18% …

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Static bet-at-home performance outdone by tax settlement charges 

The governance of Frankfurt Börse-listed bet-at-home AG has reported a ‘static corporate performance’ in its full-year 2019 results. Updating investors, bet-at-home recorded an all-time high in corporate turnover as wagering broke the €3.2 billion mark.  However, despite its improved wagering metrics, bet-at-home could only replicate exact like-for-like FY2018 revenue results of €143 million.  The operator delivered lacklustre corporate revenues despite …

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Scandal underlines OVWG calls for end of gambling monopoly

The Austrian Association for Betting and Gambling (OVWG) is pushing for more transparency in the country’s gambling laws after a series of police raids investigating corruption between politicians and the country’s monopoly operator. OVWG, which counts among its members bet-at-home, Interwetten, Mr Green and Kindred Group, believes that the controversy around the appointment of former Freedom Party of Austria (FPO) …

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Austrian tax settlement overshadows bet-at-home’s growth momentum

Publishing its Q3 2019 trading update (period ending 30 September) Frankfurt Xetra-listed bookmaker bet-at-home AG reports continued strong commercial momentum, despite the company booking an €11.5 million Austrian tax charge. Updating investors, bet-at-home reports 2.5% increase year-to-date betting and gaming revenues of €107 million (YTD2018: €104m). The operator highlights that it has been able to maintain its YTD wagering capacity …

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bet-at-home admits to €12m Austrian subsidiary tax charge

Issuing a market filing, Frankfurt Xetra-listed betting group bet-at-home AG has disclosed to corporate investors that it anticipates paying €11.9 million tax back charges sanctioned by Austria’s tax authority. The DACH region operator states that its tax demand is attached to its wholly-owned Austrian subsidiary ‘bet-at-home.com Entertainment, Linz, Austria’. The Frankfurt betting group attributes its demand to Austrian tax audits …

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Marketing active bet-at-home posts strong Q1 2019 opening

Frankfurt Xetra-listed online betting group bet-at-home AG has detailed a strong start to 2019 trading, with core corporate metrics ‘significantly above last year’s levels’. Publishing its first quarter 2019 trading update (period ending 31 March), bet-at-home records a 12% increase in group revenues to €37.2 million (Q1 2018: €33.2m) as the bookmaker benefits from an increased wagering volume of €827 …

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Swiss drama sees bet-at-home ‘peak performance’ unlikely to be matched in 2019

Led by an effective period of successful new customer acquisitions, combined with the reactivation of its existing player base, Frankfurt Xetra-listed bet-at-home AG declares a ‘historical PEAK EBITDA’ of €36.2 million (2017: €35.5m) publishing its full-year 2018 results. Updating investors bet-at-home records its highest-ever betting & gaming volume, breaking the €3 billion wagering mark supported by high-coverage advertising campaigns launched from …

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Dutch KSA increases illegal online gambling fines as part of policy review

Dutch regulator Kansspelautoriteit (KSA) has upped its minimum illegal online gambling sanctions from €150,000 up to €200,000 following the decision from the country’s Senate to approve its Remote Gaming Act. The fines, which come into force today, may be subject to change depending on the number of illegal sites and games as well as the number of bonuses and prizes …

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Q3 bounce back sees bet-at-home recover its 2018 expectations

The governance of Frankfurt Xetra-listed bet-at-home AG has detailed a significant upturn in its Q3 2018 trading (period ending 30 September), as the company remains confident of delivering its full-year 2018 expectations. Updating investors, bet-at-home reveals a ‘record-breaking’ Q3 2018 EBITDA of €13 million, as the operator benefitted from its ‘intensified marketing measures’ executed for World Cup Russia 2018 during …

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