Interwetten Lauds 2016 Results

INTERWETTEN LAUDS 2016 RESULTS

23rd January, 2017 at 17:54:54
Source: http://www.azonlinecasinos.com

Targets top five Central European online gaming operator positioning in 2017.

Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform and targeted marketing.

Key performance indicators for the 12 month period, ending December 31, 2016 include:

- Gross gaming revenues of Euro 68.4 million, up 23.6 percent.

- A 29.2% increase in betting turnover to Euro 1.2 billion.

- EBITDA of Euro 16.9 million, representing growth of 15.3 percent.

"We are very happy and proud, that our strategy of strongly investing in our unique sportsbook and platform, which is completely developed in-house and independent of third party suppliers, is strongly honored by online betting and gaming customers in Continental Europe," a spokesperson for the Interwetten's board of directors commented.

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