Tag Archives: Frankfurt

bet-at-home prioritises home market growth following dire 2022  

bet-at-home

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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bet-at-home expects €11m income reward for discontinued Austrian business

SBC News bet-at-home expects €11m income reward for discontinued Austrian business

Embattled bet-at-home AG has announced that it expects to recoup €11.4m in attributable income related to its discontinued Austrian business.  Dire 2021 trading saw bet-at-home forced to exit Austria’s online gambling marketplace, having lost a long-standing legal dispute against customers who sought a reimbursement for ‘playing on an unlicensed website’. While the Austrian exit saw the firm wind-up its Malta …

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More German woes as Frankfurt court backs gambler’s claim against online casino losses

SBC News More German woes as Frankfurt court backs gambler’s claim against online casino losses

A flood of lawsuits could be on the horizon for German online gambling incumbents, as the High Court of Frankfurt supports a ruling that an online casino customer was entitled to reclaim losses. Brought to light by German weekly news magazine Spiegel, a gambler from the region of Hesse had made a claim against a ‘Malta-based operator ‘declaring that his …

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

SBC News 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 

SBC News 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

SBC News 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

SBC News 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

SBC News 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 

bet-at-home

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

SBC News 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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