Tag Archives: bet-at-home

bet-at-home forecasts 2021 losses due to Austrian casino judgement 

bet-at-home AG has temporarily discontinued its online casino from Austria as the DACH markets operator faces legal challenges from Austrian customers demanding reimbursement for their online casino taxes.   The decision has been taken as bet-at-home continues to challenge Austria’s national gambling regime that dictates that online casino and poker be controlled by the government’s appointed concession of Casinos Austria.  Notifying …

Read More »

Admiral Sportwetten continues Austrian football dominance

Austiran operator Admiral Sportwetten has continued to dominate the sports sponsorship space in its home market, linking with FC Red Bull Salzburg. Running until 2023, the new contract sees Admiral replace bet-at-home, which had been the official partner of the Die Roten Bullen since 2018. “It is with great pleasure that we are starting our new partnership with the Austrian …

Read More »

bet-at-home records 3x EBITDA downturn as a result of German regime change 

bet-at-home AG has cited that tougher anticipated adjustments to German gambling’s new federal regime have resulted in the company recording a 9% decline in group revenues to €56.8 million (H1 2020: €62.3m).  Updating investors on its H1 2021 interim results (period ending 30 June), bet-at-home stated that its commercial performance had slowed against previous forecasts due to implementing numerous ‘core …

Read More »

bet-at-home optimistic ahead of market liberalisation despite Q1 losses

German operator bet-at-home has remained optimistic in its Q1 2021 trading report due to increased liberalisation of its home country’s market, despite recording financial losses. Overall, the group’s gross betting and gaming revenue stood at €30.5 million for Q1 2021, representing a 5.5% year-on-year decrease from the 2020 figure of €32.2 million. Of the recorded revenue, €17.1 million was generated …

Read More »

bet-at-home triggers shareholder dividends as tough 2021 dawns

DACH market betting group bet-at-home AG has delivered on its revised 2020 corporate forecasts in its full-year 2020 trading results.  Citing significant Covid interruptions on the H1 European sports calendar, bet-at-home reported an 11% year-on-year decline on group revenues to €127 million (FY2019: €143m). But improved trading registered during the summer period saw the firm revise its 2020 corporate guidance, …

Read More »

Superb Q4 sees bet-at-home upgrade 2020 earnings

DACH markets betting group bet-at-home AG has revised its full-year 2020 results after company management recorded a ‘supremely positive’ Q4 trading period. Updating investors, the Frankfurt Xetra betting group has anticipated that its expected EBITDA range will be delivered above the €30 million mark – a significant increase on its previous range of €23-27 million. bet-at-home has improved its full-year …

Read More »

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 …

Read More »

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% …

Read More »

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 …

Read More »

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) …

Read More »