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Bet-at-home.com net profit slumps 56 per cent in 2011

5th March 2012 8:42 am GMT

BetClic Everest Group subsidiary bet-at-home.com has reported a marginal 0.7 per cent increase in net gaming revenues to €66.1m for the 2011 year, while a significant rise in advertising expenses combined with the introduction of gaming and betting taxes in Austria meant that net profit slumped 56 per cent.

Betting and gaming turnover grew by 20 per cent to €1,776.3m during the year, with the company generating gross gaming revenues (GGR) of €72.8m, up 10 per [...]

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