Poker & eGaming News
Follow
Find tag "greece"
28.6K views | +2 today
Poker & eGaming News
Industry news about online real-money gambling
Curated by Carl Zide
Your new post is loading...
Your new post is loading...
Scooped by Carl Zide
Scoop.it!

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

Greek Intralot revenues +17%, earnings -27%, Yogonet | Poker & eGaming News | Scoop.it

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.

more...
No comment yet.
Scooped by Carl Zide
Scoop.it!

2012 - a year of gaming regulation, GamblingCompliance

2012 - a year of gaming regulation, GamblingCompliance | Poker & eGaming News | Scoop.it

In addition to events surrounding the European Commission Green Paper, this year has already seen Denmark open its online gambling market with the German state of Schleswig-Holstein move in a similar direction with the recent awarding of licences, while the remaining German states are seeking to implement an alternate licensing system. Spain at the federal level and also at the autonomous community level is also moving online. Moreover, Greece, Ireland, Cyprus and Portugal are all in the process of changing their current regulatory models.

more...
No comment yet.
Scooped by Carl Zide
Scoop.it!

Sportingbet Q3 Profit Drops On Turkish Sale, David Altaner, GamblingCompliance

London-listed Sportingbet’s third-quarter earnings before interest, tax, depreciation and amortisation dropped by a third as the company sold its profitable Turkish operations and had operations suspended in Spain.

 

Sportingbet's Australian business accounts for over 90 percent of our profits.

 

Greek net gaming revenue dropped 19 percent and Spain dropped 14 percent, before operations there were suspended on March 27.

 

About 52 percent of revenue came from regulated territories.

 

Overall, EBITDA fell to £10.8m from a year earlier at £16.1m.

 

Other sources:

http://www.egrmagazine.com/news/sportingbet_saved_by_australian_profits

http://www.igamingbusiness.com/content/australian-results-help-sportingbet

more...
No comment yet.