Mybet Sustains Full Year 2015 Losses

MYBET SUSTAINS FULL YEAR 2015 LOSSES

01st April, 2016 at 15:53:39
Source: http://www.azonlinecasinos.com

Online gambling group experiences lower activity in sports betting, poker and casino, but horserace wagering was up.

Online gambling group Mybet has posted a significant FY-2015 loss, with net profit of Euro 215,000 in 2014 developing into a loss of Euro 8 million this year following an "array of challenges."

Revenue fell across the company's casino, poker and sports betting businesses, although there was some pick up on horseracing wagers.

CEO Zeno Osskó reported adjusted revenue of Euro 69.2 million, down from FY-2014's Euro 70.4 million, and EBITDA fell dramatically from a positive of Euro 3 million in the preceding year to a loss of Euro 1 million in FY-2015.

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