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Betclic Everest Group six month loss tops €66m

5th December 2011 10:39 am GMT

Société des Bains de Mer (SBM) has reported a €33.1m loss on its 60 per cent shareholding in Betclic Everest Group (BEG) during the six month period ended September 30th.

The company attributed the poor result to the heavy tax burden in the French online gaming market, amortization charges and impairment of goodwill relating to its 50 per cent shareholding in BEG.

BEG results have also been impacted by the introduction of taxes in Austria which negatively [...]

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