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Bet-at-home, the German betting company, has posted significantly higher earnings during third quarter than on previous quarters. The company posted a record EBITDA of €13m in the third quarter. EBITDA of the last two quarters were €9.3m (Q1) and €1.6m (Q2).
So far in 2018, Bet-at-home posted an EBITDA of €23.9m.
Bet-at-home AG stated: “From the current perspective, and assuming an unchanged regulatory and tax law environment, the management board expects gross betting and gaming revenue increasing to €150m in the fiscal year 2018. Furthermore, the management board assumes EBITDA to reach a level between €36m and €40m in 2018.”
A few months back, Kansspelautoreit, the Dutch gambling regulator, has slapped a 410,000 Euro fine on Bet-At-Home for actively promoting online gambling services and products to Dutch citizens and allowing them to access company websites.
Source: Latest News on European Gaming Media Network…
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