June 25, 2017 1:46 AM ET

Hotels, Restaurants and Leisure

Company Overview of mybet Holding SE

Company Overview

mybet Holding SE operates in the gaming industry in Europe. It operates through Sports Betting, Casino & Poker, Horse Betting, and Other Operating segments. The Sports Betting segment operates as a bookmaker and sets odds on various kinds of sporting events that range from football and cycle racing to boxing and volleyball. It offers a total of 30 sports throughout Europe on the mybet.com portal. The Casino & Poker segment provides a range of table games, such as roulette, blackjack, and various card games, as well as online fruit machines, a live casino, and poker tables. The Horse Betting segment provides online horse betting to approximately 29,000 registered customers on the Internet pla...

Steckelhörn 9

Hamburg,  20457

Germany

Founded in 1998

135 Employees

Phone:

49 85 37 88 0

Fax:

49 85 37 88 30

Key Executives for mybet Holding SE

Chief Executive Officer, Chief Financial Officer and Member of Management Board
Total Annual Compensation: €216.0K
Compensation as of Fiscal Year 2016.

mybet Holding SE Key Developments

mybet Holding SE Reports Earnings Results for the First Quarter of 2017; Provides Earnings Guidance for the Year 2017

mybet Holding SE reported earnings results for the first quarter of 2017. For the quarter, the group reported revenue of EUR 8.9 million, down 28.9% against the EUR 12.5 million a year ago. The loss before interest, taxes, amortization and depreciation (LBITDA) was EUR 2.2 million compared to EUR 0.8 million a year ago. Loss before interest and taxes (LBIT) was EUR 2.6 million compared to EUR 1.0 million a year ago. The company provided earnings guidance for the year 2017. For the year, the company expects revenue between EUR 44.5 and 47.0 million and EBIT between EUR 4.5 and 5.5 million.

mybet Holding SE, Q1 2017 Earnings Call, May 31, 2017

mybet Holding SE, Q1 2017 Earnings Call, May 31, 2017

mybet Holding SE Raises Earnings Guidance for the Year 2017

mybet Holding SE raised earnings guidance for the year 2017. For the year, the new forecast, with an unchanged revenue target of EUR 44.5 to 47 million, holds out the prospect of an EBIT between EUR 4.5 to 5.5 million. Until now, the forecast had included a revenue of EUR 44.5 to 47 million, an LBIT between EUR 3.2 and 2.7 million. The reason for the raise of the earnings forecast is the out-of-court settlement agreed on and announced on 15 May 2017 with Westdeutsche Lotterie GmbH & Co. OHG (Westlotto) in the legal proceedings about damage claims for cartel infringement.

Recent Private Companies Transactions

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