Betbull continues its battle
04-30-2009
Online sportsbetting group Betbull Holding SE revealed its entire year of 2008 performance this week, bringing a 21.1 % boost in NGR to Euro 16.094 million, but a loss for the 12 months of Euro 4.3 million.The drop is the firm’s 5th repeated shortfall, and was partly explained as a Euro 1.9 million write-offs incurred when it shut down the Betpoint SL subordinate in Andalusia, Spain.
Wagering went up by 28.5 % annual to Euro 100.4 million from Euro 78.1 million, and the company suggested that it had boosted its yearly cash position by seven percent at December 31, 2008, to Euro 8.2 million.
”Betbull has repeatedly accomplished striking increase in the times of hard trading situations in the center of German market, boosting income to more than Euro100 million as compared to Euro 78 million last year,” explained Simon Bold, Director for Betbull. “Net gaming income of Euro 16 million next to Euro 13 million last year indicated a steadiness in operating edge, which emphasizes the group’s capability in the retail betting division.”
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