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Platform investment hits mybet Q3 earnings as key verticals struggle

12th November 2015 9:06 am GMT

Germany’s mybet Holding has reported a €4.0m operating loss for the third quarter of the year, due to the company’s investment in its new Amelco UK-designed IT platform, as well as decline in revenue from its sports betting and casino verticals.

Total revenue for the quarter fell 6.7 per cent year-on-year to €16.7m, with 41 per cent growth in the horse racing betting vertical unable to offset declines in sports betting and casino, blamed on capital controls [...]

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