bet-at-home AG has declared a full-year corporate loss of €585,000, due to the extensive streamlining of its day-to-day operations and reorganisation of its business strategy. 2022 marked a dire year for the Frankfurt Börse betting group, which recorded declines across all core trading metrics as its full-year gaming revenues (GGR) fell by 10% to €53.5m (FY2021: €59.3m). The drop in …
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Alberto Horta joins IMG eyeing up DACH growth and diversification
Targeting an enhanced presence across Germany, Switzerland and Austria, IMG has appointed Alberto Horta as Senior Vice President and Managing Director for the region. Horta’s new remit will be to drive IMG’s commercial strategy and media rights distribution activity in the DACH region, specifically for the company’s network of rightsholder partners in the region. He joins IMG as the firm …
Read More »bet-at-home maintains 2022 outlook despite cold H1
bet-at-home AG has cited trading difficulties as its business continues to be impacted by a deluge of negative adjustments across core markets. Publishing its H1 2022 financial update, bet-at-home disclosed the impact of the Frankfurt Boerse betting group exiting Austria and downsizing its business due to the termination of its Malta subsidiary. Period trading saw bet-at-home generate gross gaming revenues …
Read More »Bet-at-home exits UK market choosing not to contest licence suspension
Bet-at-home AG has chosen to surrender its UK licence and has notified customers that it will exit the marketplace. The decision sees Bet-at-home choose not to contest its recent licence suspension, sanctioned by the UK Gambling Commission (UKGC) on 7 July. The Frankfurt-listed operator had its licence placed under review by the Gambling Commission due to social responsibility and AML …
Read More »Fanatics zooms in on Tipico M&A to build Rubin’s new betting vision
Tipico, the leading DACH markets bookmaker, has become a reported target of US apparel and entertainment company Fanatics Inc. Yesterday, CNBC reported that dealmakers were at ‘an impasse on price’ as negotiations were ongoing to secure Fanatics’ takeover of Tipico Sportwetten. Fresh from offloading his 10% stake in Harris Blitzer Sports Entertainment, the US sports fund that owns the pro-sports …
Read More »Winning Post: German gambling adjusts to a new normal
Undertaking a deep dive of German sports betting (omnichannel) and online gaming monthly tax yields since July’s GlüNeuRStV market reform. Regulus Partners uncovers that “as is often the case a critical mass of consumers is proving resilient to bad regulation” – creating a dangerous precedent for all market stakeholders. The German domestically regulated sportsbetting market recovered in turnover terms in …
Read More »Frank Wenzig: Sportradar – Virtual Sports serves as betting’s ‘fan connector’
Frank Wenzig, Managing Director of Gaming at Sportradar shares his thoughts as to how continued innovation and deeper collaboration with rights holders are pushing the boundaries of fan engagement in the virtual sports betting space… SBC: How has the virtual sports betting market evolved over the years? Frank Wenzig: The market has changed beyond recognition in the last 10, 15 …
Read More »Intertops baffles affiliates announcing rebrand to Everygame
Intertops has communicated to its affiliate partners that it will rebrand its commercial identity to ‘Everygame’ as of 1 December 2021. The heritage operator did not provide affiliates with material for its forthcoming rebrand – but stated that the change to Everygame would maintain its “vision to provide trusted entertainment for generations”. “Basically, we are the same with a new …
Read More »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 »MERKUR Sportwetten reorganises its tech and online units
Gauselmann Group has announced that it has split its MERKUR Sportwetten unit into two separate departments to optimise the performance of its flagship sportsbook brand across all markets. The DACH market sportsbook’s B2C online unit will now be housed by the ‘Digital Operations Team’ led by Andy Bentley as MERKUR Sportwetten’s new Chief Operating Officer (COO). Bentley was promoted to …
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