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News
bet-at-home.com: Substantially increased EBITDA in the first quarter of 2018!
The listed provider of online sports betting and online gaming saw a further continuation of its positive earnings development in the first three months: at EUR 9.3 million, EBITDA was 88.3 per cent higher than the comparative figure from last year and thus represented a substantial increase.
Since July 2017, the group has been faced with blocking measures aimed at restricting the activities of foreign betting and gaming providers in Poland – these are contrary to European Union law and are the primary reason for the 10.8 per cent decline in gross betting and gaming revenue to EUR 33.2 million compared with the same quarter of last year. Nevertheless, above-average growth in other markets has already compensated to a large extent for the volumes lost in Poland, which confirms our expectations for 2018 as a whole.
Since July 2017, the group has been faced with blocking measures aimed at restricting the activities of foreign betting and gaming providers in Poland – these are contrary to European Union law and are the primary reason for the 10.8 per cent decline in gross betting and gaming revenue to EUR 33.2 million compared with the same quarter of last year. Nevertheless, above-average growth in other markets has already compensated to a large extent for the volumes lost in Poland, which confirms our expectations for 2018 as a whole.