Betclic Everest Group subsidiary bet-at-home.com has seen full year earnings soar by nearly 600 per cent following a significant reduction in marketing and other expenses during 2013.
bet-at-home.com saw gross betting and gaming revenue increase marginally during the year to €85.6m, despite the absence of a major sporting tournament.
Despite the marginal growth in gross revenue, EBITDA (earnings before interest, tax, depreciation and amortisation) amounted to €15m for the year, with EBIT (earnings before interest and tax) [...]
