Tag Archives: Frankfurt

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 …

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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 …

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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, …

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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 …

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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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