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) $ 12,938.10 1.24%
ethereum
Ethereum (ETH) $ 409.14 1.87%
tether
Tether (USDT) $ 1.00 0.15%
ripple
XRP (XRP) $ 0.254048 2.81%
bitcoin-cash
Bitcoin Cash (BCH) $ 270.42 0.15%
chainlink
Chainlink (LINK) $ 11.99 2.29%
binancecoin
Binance Coin (BNB) $ 30.48 0.27%
polkadot
Polkadot (DOT) $ 4.29 0.08%
litecoin
Litecoin (LTC) $ 55.65 1.99%
cardano
Cardano (ADA) $ 0.107531 2.94%
S&P 500  ^GSPC 
$3,465.39  $11.90  (0.34%)
Dow Jones Industrial Average  ^DJI 
$28,335.57  $28.09  (-0.10%)
NASDAQ Composite  ^IXIC 
$11,548.28  $42.28  (0.37%)
Russell 2000  ^RUT 
$1,640.50  $10.25  (0.63%)
Crude Oil Dec 20  F*CL.NYM 
$39.78  $0.8600  (-2.12%)
   
$0.0000  $0.0000  (0.00%)