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 …
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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, …
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Dominik Beier, former CEO of Interwetten Sports has joined Vienna-based sports marketing, events and consultancy e|motion Group as new Managing Director. Recognised as sports betting’s youngest CEO, last September Beier (29) resigned as ‘speaker of the board’ of Interwetten, having completed two-years leading the DACH-markets bookmaker. A change of sector sees Beier join e|motion, the sports marketing agency which recently …
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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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Gaming Innovation Group (GiG) has continued its ‘B2B drive’ after announcing that it has secured a multi-services agreement with Tipwin Ltd to serve as the DACH region operator’s lead casino platform and data intelligence provider. Updating the market, GiG confirmed that it has signed a ‘minimum contract term of three years’, in which it will provide Tipwin’s new online casino …
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DACH bookmaker Interwetten Sports has become a member of Austrian Sports’ ‘Fair Play Code’, an initiative developed by the government to ensure the integrity of national sports against manipulation. Co-developed by Austria’s Sports Ministry, in partnership with the OFB Football Association and Austria’s Bundesliga, the Fair Play Code aims to educate all national sports stakeholders on preventing match-fixing and corruption. The …
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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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Dominik Beier, Group CEO of DACH markets legacy sportsbook Interwetten has spoken to SBC on his firm’s African market ambitions, which will launch imminently within Nigeria. Prior to global betting’s COVID-19 disruption, Interwetten’s executive team had announced that the sportsbook had secured a ‘national licence’ from Nigeria’s Lottery Regulatory Commission (LRC). The announcement sees Beier undertake a key strategic leadership …
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Novomatic AG has agreed to sell its 17% stake in Casinos Austria to Czech gambling conglomerate SAZKA Group. Issuing a short statement, Novomatic confirms that it has reached a binding agreement with SAZKA dependent on regulatory approvals. The transaction will see SAZKA increase its shareholding in Casinos Austria to 55% (formerly 38%), after securing majority investment rights in the leading …
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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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