Profits Boost For Bet-At-Home.com

Online gaming and sports betting company bet-at-home.com has reported a profit of €7.4 million ($9.8 million) before taxes for the first half of 2013.

The figure represents a turnaround from a loss of €3.34 million for the same six-month period last year.

Gross gaming revenue was down year-on-year from €42.1 million to €41.5 million, with bet-at-home citing the closure of unprofitable subsidiaries in the first half of 2013, the lack of a major international sports tournament and the introduction of a sports betting tax in Germany as the reason for the slight fall.

Betting and gaming turnover amounted to €432.2 million in the second quarter of 2013, down from €561.5 million in the corresponding quarter last year.

“The planned decrease in turnover and simultaneous increase in profitability underpins the goal of extensively increasing the profitability of the bet-at-home.com group. Outstanding successes have already been achieved in the first half of 2013 in this regard,” the company said.

bitcoin
Bitcoin (BTC) $ 28,173.55 1.08%
ethereum
Ethereum (ETH) $ 1,774.25 3.42%
tether
Tether (USDT) $ 1.01 0.30%
bnb
BNB (BNB) $ 341.27 0.34%
usd-coin
USD Coin (USDC) $ 1.00 0.11%
xrp
XRP (XRP) $ 0.379683 4.40%
cardano
Cardano (ADA) $ 0.339374 4.03%
staked-ether
Lido Staked Ether (STETH) $ 1,770.55 3.63%
matic-network
Polygon (MATIC) $ 1.14 6.45%
dogecoin
Dogecoin (DOGE) $ 0.072772 5.28%
S&P 500  ^GSPC 
$3,947.10  $30.46  (0.78%)
Dow Jones Industrial Average  ^DJI 
$32,208.36  $346.38  (1.09%)
NASDAQ Composite  ^IXIC 
$11,659.20  $28.68  (0.25%)
Russell 2000  ^RUT 
$1,743.69  $17.80  (1.03%)
Crude Oil Apr 23  F*CL.NYM 
$67.84  $0.9100  (1.36%)
   
$0.0000  $0.0000  (0.00%)