Industry News

Bet-at-home’s earnings increase

Published

7 years ago

November 7, 2018

Niji Narayan

bet-at-home.com AG: Group figures for the first quarter of 2020

Reading Time: < 1 minute

Bet-at-home, the German betting company, has posted significantly higher earnings during third quarter than on previous quarters. The company posted a record EBITDA of €13m in the third quarter. EBITDA of the last two quarters were €9.3m (Q1) and €1.6m (Q2).

So far in 2018, Bet-at-home posted an EBITDA of €23.9m.

Bet-at-home AG stated: “From the current perspective, and assuming an unchanged regulatory and tax law environment, the management board expects gross betting and gaming revenue increasing to €150m in the fiscal year 2018. Furthermore, the management board assumes EBITDA to reach a level between €36m and €40m in 2018.”

A few months back, Kansspelautoreit, the Dutch gambling regulator, has slapped a 410,000 Euro fine on Bet-At-Home for actively promoting online gambling services and products to Dutch citizens and allowing them to access company websites.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.