Tag Archives: Frankfurt

Continued digital revenue decline impacts mybet H1 2016 performance

Updating the market on its half-year 2016 performance (period ending 30 June), Frankfurt-listed sports betting operator mybet Holdings SE (mybet) stated that the period was characterised by two factors; its continued decline in revenues and the sale of German horseracing wagering operator pferdewetten.de. Closing a tough H1 period, mybet would record a -16% decline in group revenues to €24 million (H1 …

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Expensive Euro 2016 marketing outlay sees bet-at-home post 42% decline in H1 2016 earnings

Increased marketing costs attached to Euro 2016 have seen Frankfurt-listed European sports betting operator bet-at-home AG post a 42% decline in corporate earnings to €9.6 million (H1 2015: €16.5 million) for its H1 2016 results (period ending 30 June). Detailing period expenditure, bet-at-home governance specified that the company had spent €26.6 million (H1 2015: €15 million) on advertising its brand …

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mybet confirms resignation of Zeno Ossko as CEO

Frankfurt Xetra-listed betting operator mybet Holdings SE (mybet) has confirmed that Chief Executive Officer Zeno Ossko has stepped down from leadership of the company. Ossko will officially depart mybet on 31 August, with CFO Markus Peuler taking on combined leadership responsibilities on an interim basis. Ossko’s decision to resign as CEO, ends a ten-year career with the German sports betting …

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mybet secures funding through sale of pferdewetten.de

Updating the market Frankfurt Xetra-listed mybet Holdings SE has confirmed that it has sold its stake in German horse racing firm pferdewetten.de for a sum of €9.9 million. Seeking to raise new funds for its internal operations, mybet detailed last week that it had agreed to sell its +1.8 million unlisted shares in pferdewetten.de to a number of private investors. mybet governance …

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mybet SE delays platform launch as performance slump continues

Frankfurt Xetra-listed European betting operator mybet Holdings SE continues its performance slump reporting an 11% revenue decline to €14.9 million for its Q1 2016 opening (period ending 31 March). The operator who reported €8 million group losses in 2015, recorded performance declines in core divisions as online betting revenues dropped 10% to €8.2 million (Q1 2015: €9.2 million).mybet would post …

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bet-at-home high visibility strategy targets + €130 million in revenues for 2016

Issuing a Q1 2016 (period ending 31 March) market update, Frankfurt Xetra-listed European sports betting operator bet-at-home AG recorded group revenues of €30 million up 6.4% on corresponding 2015’s €28.4 million. Despite reporting an improved revenue performance for its 2016 opening, bet-at-home would declare an EBIT of €7.3 million (Q1 2015: €9.6 million). The operator detailed that period marketing costs …

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Player activity decline sees Mybet post €8 million losses for 2015

Frankfurt Xetra listed bookmaker mybet Holdings SE ends a difficult 2015 posting full-year EBIT losses of – €8.8 million (FY 2014: €500,000). Throughout 2015, the German focused bookmaker had been impacted by a downturn in player activity, with its online sports betting division witnessing a wagering decline from €100 million (2014) to €95 million (2015). Presenting 2015 results, mybet would …

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bet-at-home sees revenue & earnings boost as efficiency led strategy pays off in 2015

Announcing its full-year 2015 results (12-month period ending 31 December), Frankfurt-listed European betting operator bet-at-home AG has declared earnings of €33 million (£25.7 million) up 20% on FY 2014’s results of €27.5 million (£21.4 million). bet-at-home governance was delighted to have surpassed the strong results posted in 2014, a year which was boosted by the FIFA World Cup. The operator …

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mybet secures €5 million fund raising through convertible bond

Issuing a market update Frankfurt Xetra listed bookmaker mybet Holdings SE has confirmed that it has successfully completed the funding of €5 million (£3.5 million) through it convertible bond loan placement. Specifying the fund raising round, mybet governance detailed that the operator would pay 6.25% interest on the €5 million figure raised. The German facing operator further stated that its …

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mybet targets €5 million investment with new issue of convertible bond

Frankfurt Xetra listed bookmaker mybet Holdings SE has issued a market statement detailing that it will look to raise €5 million (£3.5 million) in funds through the issue of new convertible bond. The funds will be used expand mybet’s existing marketing services and further the development of the operator’s new IT platform. mybet governance who issued a 2015 profit warning …

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