Tag Archives: Frankfurt

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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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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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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mybet closes sportsbook portal to secure player accounts

Embattled Frankfurt Xetra-listed online betting group mybet SE has shut down its flagship mybet.com portal, seeking to ‘protect the interests of its customers and creditors’. On August 17, mybet governance communicated that it had entered ‘open insolvency proceedings’, following its failure to sell the company to an undisclosed investor. This week, mybet governance closed all active B2C portals, informing customers …

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Troubled mybet Holdings files for insolvency proceedings

The governance of Frankfurt Xetra-listed betting group mybet Holdings SE has today issued a corporate update informing investors that it has filed for ‘open insolvency proceedings’. The insolvency update follows mybet governance failure to sell the business to an undisclosed investor, as previously reported in July 2018. This Friday, governance will file its insolvency application for three syndicated companies, of …

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mybet pushes for sale of B2C digital enterprise

Issuing a market update, the governance of mybet Holdings SE has confirmed that it has secured a non-exclusive ‘term sheet’ (a business arrangement) with a strategic investor ‘outlining the possible sale of its online business’. The Frankfurt Xetra-listed enterprise details that the arrangement has been approved by mybet’s Supervisory Board, which would see the company divest all digital assets operated …

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Cost effective bet-at-home maintains positive earnings momentum despite revenue & wagers downturn

Publishing its Q1 trading update (period ending 31 March), Frankfurt Xetra-listed online bookmaker bet-at-home AG, details an earnings effective trading period despite a decrease recorded in corporate wagers and revenues. Updating the market, bet-at-home reports an 11% decline in gross betting and gaming revenues to €33 million (Q1 2017: €37 million). The bookmaker notes a period decline in wagers to …

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MMIG announces Income Access referral partnership

Income Access, the Paysafe marketing technology and services provider, has announced a referral partnership with MMIG. Under the terms of the deal, the Frankfurt headquartered marketing consultancy, whose MMIG Connector product streamlines recruitment for iGaming brands, is to recommend the Income Access affiliate platform to its online gambling partners. Maximilian Solz, CEO of MMIG, said: “We chose to partner with Income …

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Refined bet-at-home hits Peak Performance in 2017

Frankfurt Xetra-listed online betting operator bet-at-home AG has detailed solid growth for its full-year 2017 results (period ending 31 December). Despite trading against a tough comparative period featuring UEFA Euro 2016, bet-at-home was able to generate group betting & gaming wagers of + €3 billion. Sustained player activity on its verticals, saw bet-at-home record full-year gross revenues of €145 million, …

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