Good First Quarter For Interwetten

GOOD FIRST QUARTER FOR INTERWETTEN

11th April, 2014 at 08:11:32
Source: http://www.azonlinecasinos.com

7% growth in revenues.

Online gambling group Interwetten has reported an encouraging start to 2014 with 7% growth in Q1 revenues to Euro 11.1 million.

Growth could have been even higher had the company not been obliged to exit the Greek and Belgium online gambling markets for regulatory reasons, spokesman Werner Becher said.

Becher revealed that the company now generates 40% of its turnover from mobile sports betting, and said that this could be expected to rise with the World Cup football in Brazil later this year.

On the online casino side of Interwetten operations, mobile is also playing an important role, generating 20% of turnover.

Marketing expenses have jumped 28% as the company builds momentum for the World Cup.

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