BetClic Everest Group subsidiary has reported profit before tax of €11.6m for the nine month period ended September 30th, as the company benefited from stable revenue and a significant reduction in marketing expenses during the period.

Total betting and gaming turnover fell by 13 per cent to €1,342.9m during the nine month period, with the company attributing the decline to high comparables in the previous year which included the Euro 2012 football championships.

The company’s results were also impacted by the sports betting tax introduced in Germany last year, which led to a 14 per cent rise in betting fees and gambling levies to €8.1m.

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