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bet-at-home net profit hit by increased marketing costs

4th March 2013 9:51 am GMT

BetClic Everest Group subsidiary bet-at-home.com has reported a 63 per cent drop in net profit to €1.7m for 2012, despite posting a 14 per cent increase in net gaming revenues during the period.

Betting and gaming turnover rose by 15 per cent to €2,039.8m, with the company generating gross gaming revenues of €85.5m, up 17 per cent year-on-year. Net gaming revenues climbed by 14 per cent to €75.5m.

2012 Results

Advertising expenses grew by 23 per cent to [...]

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