Revenue Boost For Mybet

Online gaming and betting company Mybet Holding reported a three percent rise in revenue for the first half of the year to €34.9 million ($45.4 million) – partially due to the good performance of its Sports Betting and Casino & Poker divisions.

Revenues increased by 13% for Sports Betting and two per cent for Casino & Poker.

The figures have been announced after the company opted to sell its lottery operations in German-speaking countries for €12.5 million last year – a move mybet said was designed to allow it to focus on the sports betting market.

Sports betting stakes placed on mybet’s internet platforms were up by 17% to €51.6 million in the first of 2013.

However, growth in the sports betting sector was hampered by weaker business at betting shops, where stakes dipped by 21% in the first half of 2013.

Revenue from casino and poker games was up by 25% to €12.4 million in the first half of the year. Owing to the sale of lottery operations in German-speaking countries, lottery revenues were down 54% in the period – while horse racing betting also declined by 19%.

bitcoin
Bitcoin (BTC) $ 28,017.51 0.25%
ethereum
Ethereum (ETH) $ 1,771.33 2.77%
tether
Tether (USDT) $ 1.01 0.41%
bnb
BNB (BNB) $ 341.16 0.43%
usd-coin
USD Coin (USDC) $ 1.01 0.17%
xrp
XRP (XRP) $ 0.378781 4.08%
cardano
Cardano (ADA) $ 0.337935 3.51%
matic-network
Polygon (MATIC) $ 1.14 5.56%
staked-ether
Lido Staked Ether (STETH) $ 1,766.50 2.81%
dogecoin
Dogecoin (DOGE) $ 0.072492 5.01%
S&P 500  ^GSPC 
$3,942.45  $25.81  (0.66%)
Dow Jones Industrial Average  ^DJI 
$32,158.07  $296.09  (0.93%)
NASDAQ Composite  ^IXIC 
$11,653.31  $22.80  (0.20%)
Russell 2000  ^RUT 
$1,744.33  $18.44  (1.07%)
Crude Oil Apr 23  F*CL.NYM 
$67.34  $0.4100  (0.61%)
   
$0.0000  $0.0000  (0.00%)