SNAI Reveals Revenue Drop And Payment Request

Italian retail and online sportsbetting provider Sindacato Nazionale Agenzie Ippiche (SNAI) suffered a 3.6% year-on-year fall in revenue in the third quarter of 2013.

The firm posted revenue of €99.4 million ($134.2 million) during the latest quarter, a decrease on the €103.1 million recorded in the corresponding period last year.

SNAI’s revenues for the first nine months of 2013 stand at €352.4 million, a 4% drop on the €366.9 million achieved during the first nine months of 2012.

Despite the fall in sales, SNAI posted a significant rise in earnings before interest, tax, depreciation and amortisation during Q3, up from €3.6 million to €15.4 million year-on-year.

EBITDA for the first nine months of 2013 is now up to €64.5 million from €37.9 million in the corresponding period last year.

Meanwhile, SNAI has submitted a request for reconsideration of the amount it shall pay as part of a sentence concerning alleged deficiencies in the management of its new slots network.

SNAI said that it had so far paid €43.8 million to the Ministry of Economy and Finance.

The Corte dei Conti will make a decision about the appeal by November 9.

bitcoin
Bitcoin (BTC) $ 68,660.40 0.35%
ethereum
Ethereum (ETH) $ 2,426.19 1.80%
tether
Tether (USDT) $ 0.999280 0.05%
bnb
BNB (BNB) $ 558.44 0.22%
solana
Solana (SOL) $ 161.17 0.47%
usd-coin
USDC (USDC) $ 1.00 0.03%
xrp
XRP (XRP) $ 0.511381 1.06%
dogecoin
Dogecoin (DOGE) $ 0.167657 10.47%
staked-ether
Lido Staked Ether (STETH) $ 2,425.10 1.79%
tron
TRON (TRX) $ 0.162431 1.52%
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)