Sports betting

Bet-at-home Q3 profits slide 27%

Substantial increases in taxes and marketing expenditure hit profits despite an 11% rise in revenues

Bet-at-home today reported a 27% year-on-year fall in Q3 profits after an uptick in revenues failed to cancel out a double-digit rise in both gambling taxes and marketing expenses. According to a trading update released this morning, the Betclic Everest Group subsidiary's EBITDA for the three months ended 30 September was €6.1m, down from €8.4m…

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