« News index »
ONLINE OPERATOR MYBET STILL STRUGGLING .
27th October, 2016 at 16:08:59
Management issues warning that FY revenues will be weaker.
German online gambling operator Mybet has issued a warning to investors that it will have to reduce its forecast revenues for FY 2016 to Euro 43 - Euro 46 million (down from Euro 59 to Euro 62 million predicted earlier), indicating that the Frankfurt-listed company continues to struggle.
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
readers will recall that the company's H1-2016 revenue numbers declined 16% to Euro 24 million over the half-year due to a slump in active player numbers across both online sports betting and casino verticals.
The company reported delays in the integration of a new software platform, long mooted as the answer to Mybet's operational problems.
Earlier thjis year Mybet CEO Zeno Osske stepped down, leaving CFO Markus Peuler in charge (see previous report) until a replacement can be hired.
Related News Tags: Germany
INDONESIAN ONLINE GAMBLING BUST
21st March, 2017 at 14:44:19
Nets three suspects.
ENERGYCASINO TAKE ON LIVE DEALER SOLUTION FROM EVOLUTION GAMING
20th March, 2017 at 15:15:56
Expanded live casino offer for UK market.
SECOND GERMAN STATE TREATY ON GAMBLING APPROVED BY BUNDESTAG
17th March, 2017 at 14:21:15
Lower house rejects European Commission opinion that latest gambling reform proposals are not viable.
MYBET BOOSTS LIVE CASINO WITH EVOLUTION GAMING
14th March, 2017 at 06:37:43
Forms part of a wider revamp across the mybet brand.
POKERSTARS CASINO MAKES THREE MILLIONAIRES IN ONE MONTH
10th March, 2017 at 19:59:37
Over $4.2 million won from million dollar jackpots at PokerStars Casino in 27 days from end-January to end-February this year..