Interwetten Maintains Positive Momentum

INTERWETTEN MAINTAINS POSITIVE MOMENTUM

12th April, 2016 at 22:03:48
Source: http://www.azonlinecasinos.com

First quarter results far exceed company's expectations.

Malta-headquartered Interwetten Gaming Ltd has maintained its positive momentum into 2016 posting an impressive 31% increase in gross gaming revenue in its first quarter results.

Key performance indicators for the first quarter ending March 31, 2016 include:

- Gross Gaming Revenues up 31% to Euro 16.0 million.

- Net profit increased 89% to Euro 3.4 million.

- EBITDA is up 86% to Euro 3.9 million.

- Sports betting revenues grew 29% based on a margin of 12 percent.

- Gaming revenues increased 34 percent.

- Mobile channels contributed 54% to sportsbook revenues and 41% to gaming revenues.

- Recorded 12,000 first time depositing customers.

The company revealed it had experienced 29% growth in German speaking countries, 75% growth in Greece, 23% in Spain and a further 51% growth in other markets.

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