The Austrian bookmaker generated gross gaming revenues (sum of gross gaming revenues from sports betting operations, poker, casino and games) of EUR 97.3 million (EUR 62.2 million excluding Ongame). This represented an increase of 294 per cent compared to Q1 2005 (152 per cent excluding Ongame). Profit before tax rose compared to the previous year, from EUR 1.9 million to EUR 14.8 million (EUR 8.4 million excluding Ongame).
Gross gaming revenues from sports betting operations amounted to EUR 39.2 million, up 134 per cent compared to Q1 2005. Gross gaming revenues generated from casino, poker and games (excluding Ongame) amounted to EUR 13.3 million, EUR 6.7 million, and EUR 3.0 million respectively (up 121, 488 and 299 per cent compared to Q1 2005). Ongame generated gross gaming revenue in the amount of EUR 35.1 million (up 65 per cent compared to Q1 2005).
The gross winnings margin from sports betting was 9.2 per cent in Q1 2006, compared with 8.5 per cent in Q1 2005 and 8.2 per cent in Q4 2005.
In Q1 2006 the number of active sports betting customers rose by 363,000 compared to Q1 2005 to 587,000. This development reflects the group’s successful marketing strategy and its rapid geographic expansion in an online gaming market that still continues to boom. The number of active customers including Ongame increased to over 865,000. Some 300,000 of these customers activated their accounts for the first time (232,000 in the sports betting sector).
BetandWin has 2.5 million registered sports betting customers and over 8 million registered Ongame customers (including 7 million “play money” registrations).
Since the conclusion of the acquisition of Ongame on March 7, the principle objective of the group has been to incorporate the online poker provider into the BetandWin group, with the ultimate goal to merge the two independent companies into a homogenous unit with standardized processes by the year 2009.
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