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Revenue of bet-at-home.com Increases in Q1

Published

6 years ago

April 30, 2019

Niji Narayan

Revenue of bet-at-home.com Increases in Q1

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Bet-at-home.com, the German betting operator, has recorded gross betting and gaming revenue and EBITDA for Q1 2019. Gross betting and gaming revenue was €37.2m in the first quarter of 2019 is 12.1%.

Betting fees and gambling levies increased slightly to €5.3m and VAT on electronic services led to a negative impact on earnings of €0.9m. Net betting and gaming revenue increased by 18.8% to €31.1m.

The company stated: “From the current perspective, and assuming an unchanging regulatory and tax law environment, the management board expects a gross betting and gaming revenue between €130m and €143m in the fiscal year 2019. The decline in gross betting and gaming revenue compared to the financial year 2018 is attributable to legal uncertainties in Switzerland. Furthermore, the management board expects EBITDA to amount between €29m and €33m in the fiscal year 2019.”

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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.