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bet-at-home.com earnings soar following drop in marketing costs

3rd March 2014 10:39 am GMT

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) [...]

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