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Increased Marketing expenses lead to H1 income development for bet-at-home.com

German online gambling operator bet-at-home.com posted its consolidated results that are financial the half casino film action a year ended June 30, 2016. Considerable growth in betting and video gaming revenue and increase in advertising expenditure had been the 2 highlights that are main the company's first-half report.

During the duration in review, gross wagering and gaming revenue increased 15.2per cent year-on-year to €65.4 million. In contrast, the quantity of €56.7 million had been reported for similar half a year associated with the year that is previous. Betting and video gaming amount amounted to €1.4 billion during the very first 50 % of the 12 months, showing a 16.8% increase from the €1.2 billion published for the very first half of 2015.

Betting fees and gambling levies totaled €8 million throughout the reported period action casino groupe. VAT taxation for on the web gambling operators providing their options inside the eu amounted to €4.3 million for bet-at-home.com. As a result, the company posted net betting and video action logement groupe casino gaming revenue of €53.1 million for the initial half the entire year, up 13.9% year-on-year.

The growth in revenue was attributed to the business's increased marketing efforts, by having a particular consider promotions regarding the UEFA Euro 2016 which took place from June 10 to July 10 in France.

EBITDA totaled €9 million throughout the first half a year of https://online-slots-reviews.com/casino-action/ the season, down from the amount of €16 million produced during the exact same amount of the past 12 months.