The figures from Société des Bains de Mer (SBM), which holds a 50 per cent stakereveal that Betclic Everest Group’s full year loss amounted to €100.4m. At the half year stage, Betclic Everest’s loss amounted to €66.2m, with the €34.2m second half loss representing an improvement on the prior six months.
Betclics has a 0,51% poker market share in Italy 2.65 % of the casino market. BEG’s Bet-at-home unit continues to perform strongly meanwhile, with first quarter 2012 net gaming revenues climbing 15.9 per cent year-on-year to €18.9m. The business has also recently received a licence to offer sports betting online in Schleswig-Holstein.
Previous majority owner GigaMedia described BEG as clearly struggling and without strategy.