MyBet Slump Continues: Reports 11 Percent Revenue Decline

Submitted by C Costigan on

Written by :

C Costigan

Published on :

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).

Ad: Open an Online Betting Account Today at Gambling911 Endorsed AceSportsbook.  Receive Hundreds of Dollars in Signup Bonuses Here


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

Related Content

'Pizza, Pizza': Little Caesars Takes Full Control of Atlantic City's Ocean Casino

'Pizza, Pizza': Little Caesars Takes Full Control of Atlantic City's Ocean Casino

Little Caesars Pizza parent company sets up a new gambling division.
Chumba Casino Parent Company Vows to Stay in Kentucky: 'We Have Lawfully Operated in the U.S. for More Than a Decade'

Chumba Casino Parent Company Vows to Stay in Kentucky: 'We Have Lawfully Operated in the U.S. for More Than a Decade'

Chumba Casino parent company VGW tells Gambing911.com they have operated lawfully in the U.S. for over a decade and plan to continue doing so following Kentucky AG lawsuit.
Kentucky AG Goes for the Trifecta Against Two Prediction Markets and Chumba Casino Parent

Kentucky AG Goes for the Trifecta Against Two Prediction Markets and Chumba Casino Parent

It's deja vu for the online gambling sector as Kentucky comes after companies once again
These Bad Moms Banned for Life at Pennsylvania Casinos: Bad Dad Too

These Bad Moms Banned for Life at Pennsylvania Casinos: Bad Dad Too

Of the 18 banned individuals, four were accused of leaving children unattended in vehicles while they gambled inside.