BetInternet Boosts Webis Results
Edited reviewed in-house151 wordsby the EasyPlay.Vegas desk
Webis Holdings has reported a 20 percent hike in annual revenues to GBP 140 million and a return to profit, thanks mainly to a sterling performance by online sportsbook subsidiary BetInternet.
21+ No operator we name holds a licence from a state regulator, and what you are allowed to play is settled by the state you sit in, not by us. This desk books no wagers, holds no balances and deals no cards — every button hands you over to the operator, and the terms you agree to there are the operator’s own. Conditions ride on every offer. Who pays this site, and for what.
BetInternet Boosts Webis Results – September 25th, 2009
The group posted a profit of GBP 452 000, a welcome reversal from a loss of GBP 347 000 in the previous year, and EBITDA up by GBP 542 000 to GBP 757 000 (FY 2008:GBP 215 000). Betinternet achieved turnover of GBP 107.9 million – up 24 percent – thanks to increased marketing that included horse racing sponsorship activity.
A new affiliate program helped boost customer acquisitions during the year, and improved in-running football betting facilities helped, too management said. Group pari-mutuel subsidiary European Wagering Services (EWS), saw revenues grow by 6 percent to GBP 32.3 million.
“Although the gaming sector will never be completely immune to these [recession] external influences, it remains resilient, as it is able to offer alternative forms of entertainment for customers who choose to ‘stay at home’ more often than previously,” said Webis managing director Garry Knowles.