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Greek Intralot revenues +17%, earnings -27%, Yogonet

Greek Intralot revenues +17%, earnings -27%, Yogonet | Poker & eGaming News | Scoop.it
From www.yogonet.com - August 31, 2012 10:44 AM

Intralot announced its financial results for the six month period ending June 30th 2012, prepared in accordance with IFRS. Consolidated Revenues posted an increase of 17.2% reaching 687.3 million euros in 1H12 compared to 586.4 million euros in 1H11.


EBITDA in 1H12 increased by 12.2% to 81.4 million euros, compared to 72.6 million euros in the same period in 2011.

 

EAT (after minorities) in 1H12 were decreased by 26.8% reaching 5.5 million euros. Compared to 1Q 2012, Net Debt reached 388 million euros, posting an increase by 26.1 million euros in 1H 2012 due to a capex of 39.4m in Q2 2012 mainly due to the payment for the renewal of the gaming license in Malta.

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EU court promotes cross-border gambling advertisement, Recent Poker

From www.recentpoker.com - July 16, 2012 6:59 AM

The European Court of Justice has ruled that an EU Member State cannot prohibit gambling advertising from another Member State merely on grounds that the protection guaranteed in that Member State is not identical to the domestic rules.

 

* When granting advertising permits "the levels of protection for gamblers that exist in the various legal systems concerned must first be compared."
 
* A Member State can require that "the applicable legislation ensures protection against the risks of gaming that is in essence of a level equivalent to that which it guarantees itself".  But, it cannot require "the rules in the other Member State to be identical" to its own, which would be disproportionate.
 
The ruling is a further illustration of the need for harmonisation of online gambling laws in EU States, the trade body European Gaming and Betting Association said.

 

Other sources:

http://www.casinochoice.co.uk/2012/07/17/ecj-upholds-cross-border-ad-ban/

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