Betclic Everest in the spotlight

Betclic Everest Group’s (BEG) poor results have contributed to 50 percent shareholder Societe Des Bains De Mer’s (SBM) worst performance in fifteen years, reported the Group.

The deterioration in BEG’s performance, which has contributed a loss of Euro 33.1 million to SBM’s first half of its current financial year results, has been attributed to a heavy investment over 10 months and tough conditions in the French online gaming market.

Ignacio Martos, who was recently appointed by the firm as chief executive officer taking over the post formerly filled by Nicolas Béraud , has reportedly initiated a restructure programme that includes key executive personnel and remains confident on the Group’s ability to return to profitability.

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