Online gaming and sportsbetting company Bet-at-home.com has reported a profit before tax of €11.6 million ($15.6 million) for the first nine months of 2013.
The figures, revealed in the company’s interim report for the end of the third quarter, mark a significant improvement of €13.7 million in comparison with the corresponding period last year.
Gross gaming revenue for the nine-month period reached €61.8 million, slightly under last year’s figure, but “efficiency improvements” in marketing and operating costs boosted the figures.
Marketing expense was cut by €15.1 million to €24.8 million year-on-year, although gross revenue remained flat.
In the first three quarters, gaming volume for Bet-at-home.com amounted to a total of €1.343bn, down 13.3% from €1.549 billion last year, with the company citing the lack of a major summer tournament this year following the Uefa Euro 2012 national football team competition last year.
Bet-at-home.com currently has almost 3.5 million registered customers.
source : www.igamingbusiness.com
