MyBet Slump Continues: Reports 11 Percent Revenue Decline
Published on:
May/12/2016
Frankfurt Xetra-listed European online gambling firm MyBet reports an 11 percent revenue decline to €14.9 million for its Q1 2016 opening (period ending 31 March).
The operator closes its Q1 2016 reporting group EBITDA losses of – €140,000 with overall period net losses of – €800,000.
With this poor performance, MyBet has opted to delay launch of its new technology platform.
In regard to the delay, the company says it is ’in the interests of the best possible project standards of customer satisfaction, we have opted to complete additionally detail’
- Aaron Goldstein, Gambling911.com
