Bet And Win Revenues Up 294 Percent
Published: Thursday, May 11, 2006 Online-Casinos.com
BET AND WIN REVENUES UP 294 PERCENT
Impact of Ongame acquisition substantial
Vienna listed and Europe's biggest gambling group BETandWIN.com Interactive Entertainment AG has reported Quarter, 2006 gross gaming revenues of Euro 97.3 million, up 294 percent (or 152 percent excluding Ongame).
Latest results published by the group show figures with and without the inclusion of the recent major acquisition of Swedish group Ongame.
The group reports over 865 000 active customers and some 300 000 new active customers, up 285 percent and 185 percent respectively (up 161 percent and 124 percent excluding Ongame) EBITDA was up Euro 14.8 million or 673 percent (up 342 percent excluding Ongame)
In Q1 2006 betandwin generated gross gaming revenues (sum of gross gaming revenues from betting operations, poker, casino and games) of Euro 97.3 million (Euro 62.2 million excluding Ongame). This represented an increase of 294 percent compared to Q1 2005 (152 percent excluding Ongame).
The betandwin Group has over 10 million registered customers in over 20 core target markets. Operating under international and regional licences in countries like Gibraltar, Kahnawake (Canada), Belize and Germany, Italy, Mexico, Austria and the United Kingdom, the Group continues to position itself as a top venue for sports betting, games and entertainment via digital distribution channels.
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