Mybet full year boosted by sports betting
News on 1 Apr 2015
News on 1 Apr 2015
The online gambling group Mybet has posted its 2014 FY report, noting that a strong performance from the sports betting division was an important contributor to a successful year.
Key metrics highlighted by the company included:
* Revenue up 5.1 percent at Euro 70.4 million;
* Sports betting revenues climbed to Euro 40.3 million (2013 FY: Euro 33.3 million);
* Online casino and poker revenues dipped to Euro 21.9 million (2013 FY: Euro 23.4 million);
* EBITDA of Euro 600,000, a recovery from 013’s loss of Euro 11.3 million;
Chief executive officer Sven Ivo Brink reported that the company had introduced a large number of new products and features, including a loyalty card, betting terminals and new, improved mobile applications, and that better cost control had been implemented.
“The performance in 2014 shows that we are on the right track,” he said, adding that Mybet expects to report revenues of between Euro 70 and Euro 75 million in 2015.
