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Poor sportsbook performance weighs on mybet’s third quarter results

11th November 2016 7:37 am GMT

Germany's mybet Holdings was unable to benefit from a number of high-profile sporting events that took place during the third quarter of the year, with revenue for the period falling by 11.6 per cent compared to the same period last year.

Quarterly revenue fell to €10.7m, down from €12.1m in Q3 2015, with the decline blamed on the poor performance of the sportsbook vertical.

A lack of funds to properly market its casino offering and regulatory action taken [...]

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