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mybet eyes German sports betting expansion to fuel 2013 growth

3rd April 2013 7:06 am GMT

The sale of mybet Holding’s German lottery operations helped the company avoid slipping into the red in 2012, and a renewed focus on sports betting and gaming in 2013 is expected to further improve profitability.

Sports betting is already the largest contributor to mybet’s consolidated revenues, accounting for €33.8m of the €69.2m total in 2012, with year-on-year growth of 34.5 per cent.

The increase in 2012 sports betting revenue was driven by strong growth in new customers [...]

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