Bet-At-Home Reports Improved Profits

Online gaming and sportsbetting company Bet-at-home.com has reported a profit before tax of €11.6 million ($15.6 million) for the first nine months of 2013.

The figures, revealed in the company’s interim report for the end of the third quarter, mark a significant improvement of €13.7 million in comparison with the corresponding period last year.

Gross gaming revenue for the nine-month period reached €61.8 million, slightly under last year’s figure, but “efficiency improvements” in marketing and operating costs boosted the figures.

Marketing expense was cut by €15.1 million to €24.8 million year-on-year, although gross revenue remained flat.

In the first three quarters, gaming volume for Bet-at-home.com amounted to a total of €1.343bn, down 13.3% from €1.549 billion last year, with the company citing the lack of a major summer tournament this year following the Uefa Euro 2012 national football team competition last year.

Bet-at-home.com currently has almost 3.5 million registered customers.

bitcoin
Bitcoin (BTC) $ 39,409.00 3.18%
ethereum
Ethereum (ETH) $ 2,693.47 7.05%
tether
Tether (USDT) $ 1.00 0.47%
binance-coin
Binance Coin (BNB) $ 333.89 3.47%
cardano
Cardano (ADA) $ 1.38 2.03%
xrp
XRP (XRP) $ 0.725163 1.19%
usd-coin
USD Coin (USDC) $ 0.999853 0.04%
dogecoin
Dogecoin (DOGE) $ 0.199984 1.52%
polkadot
Polkadot (DOT) $ 19.14 9.20%
uniswap
Uniswap (UNI) $ 23.30 8.41%
S&P 500  ^GSPC 
$4,402.66  $20.49  (-0.46%)
Dow Jones Industrial Average  ^DJI 
$34,792.67  $323.73  (-0.92%)
NASDAQ Composite  ^IXIC 
$14,780.53  $19.24  (0.13%)
Russell 2000  ^RUT 
$2,196.32  $27.26  (-1.23%)
Crude Oil Sep 21  F*CL.NYM 
$68.44  $0.2900  (0.43%)
   
$0.0000  $0.0000  (0.00%)