German regulatory changes reduce Bet-at-Home’s H1 revenue down 8.8%

Germany

Betclic Everest-owned operator Bet-at-home reported an 8.8 percent year-on-year decline in revenue during the first half of its 2021 fiscal year due to regulatory developments in its core German market.

Revenue for the six-month period was €56.8m (£48.6m/$67.6m), a decrease from €62.3m the previous year.

Bet-at-home began operating under its new German sports betting licence in February of this year. However, new legal requirements imposed as part of the licence had a negative impact on customer activity in H1.

Customers can monthly bet at a limit of €1,000 under the State Treaty. However, a small number of customers may have their limits increased to €10,000 or €30,000.

 

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Nassima Azmzm

Nassima Azmzm

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